Miscellaneous Professional Liability

Coverage

• Broad definition of Wrongful Act, with the ability to manuscript the definition of Professional Services
• Broad definition of Damages, including:
  • Prejudgment and post-judgment interest on that part of any judgment paid
  • Punitive and exemplary damages and the multiplied portion of any multiple damage award, where allowed
• Broad definition of Insured, including:
  • The entity and its subsidiaries
  • Any past or present principal, partner, officer, director, trustee, employee, or general or managing partner or principal (if the entity is a partnership)
  • Independent contractors who are natural persons when performing professional services on behalf of the entity and its subsidiaries
• $5,000 sublimit for reimbursing Insured for attendance at hearings, depositions, etc. ($250 per day maximum)
• Duty to defend covered claims, not just "suits"