HARTFORD, Conn., Sept. 6 – LAWFUEL – The Law News Network — Law firms, like the
juries they must convince, are always making decisions. Some decisions
require lengthy deliberation, but not the need for broad lawyers professional
liability protection. The introduction of a new Lawyers Professional Liability
Program (LPL) from The Hartford Financial Services Group, Inc. (NYSE: HIG) and
Target Insurance Services, has clearly simplified the choice.
The new program provides broad coverage customized to the needs of each
law firm. This gives lawyers the confidence to concentrate on their clients’
issues with the knowledge that their liability protection is designed to meet
their needs. The program is underwritten by The Hartford’s Hartford Financial
Products division (HFP), a major writer of professional liability and other
management liability products. It is sold through Target Insurance Services,
a countrywide program administrator-managing general underwriter with years of
experience handling lawyers professional liability coverage.
“The Hartford protects smaller law firms with a business insurance policy
that includes professional liability insurance but that isn’t sufficient to
meet all of their needs,” said Greg Leffard, HFP’s vice president of lawyers
professional liability. “Many middle market and larger law firms want a
comprehensive, stand-alone professional liability policy that will provide
more protection than policies currently available in the marketplace. That’s
why we’ve teamed with the experts at Target Insurance Services to raise the
bar for lawyer protection,” Leffard added.
The policy is available from any agent through Target.
“This new partnership allows Target to use its extensive program
management experience to underwrite an excellent lawyers package from a top
carrier,” said Scott Williams, vice president and general manager of Target
Insurance Services. “The Hartford is exceedingly easy to work with and has a
strong A+ rating from A.M. Best. The combination of service and product
features makes this selection an open and shut case.”
The stand-alone policy provides broad protection that can be customized to
meet the specific needs of an individual law firm. Features include:
* Coverage for lawyers who are independent contractors
* Extended Reporting Period (ERP) available that follows lawyers into
retirement
* Individual ERP option to protect individual lawyers if their law firm
dissolves
* Unlimited ERP option
* Coverage for Bar Association-related activities
* Reduced deductible for firms that agree to settle issues through
arbitration or mediation
For further information, contact Scott Williams at swilliams@target-
capital.com 800-692-5752 ext. 133, or Shawna Reidy, 800-692-5752 ext. 114
sreidy@target-capital.com, or visit http://www.target-capital.com.
Target Capital, headquartered in Avon, Connecticut, is one of the nation’s
fastest growing managing general underwriters and aggregators of specialty
insurance programs and services. Through its underwriting and distribution
partnerships, Target Capital provides property and casualty and professional
liability insurance programs to niche markets.
The Hartford is one of the largest financial services and insurance
companies in the U.S., with worldwide revenues of $22.7 billion in 2004. The
company is a leading provider of investment products, life insurance and group
benefits; automobile and homeowners products; and business property-casualty
insurance. International operations are located in Japan, Brazil and the
United Kingdom. The Hartford’s Internet address is http://www.thehartford.com.
The description herein is a summary only and does not include all terms,
conditions and exclusions of the policies described. Please refer to the
policy for details. Coverage is provided by The Hartford companies and may not
be available in all states. Some of the statements in this release may be
considered forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. The Hartford cautions investors that these
forward-looking statements are not guarantees of future performance, and
actual results may differ materially. Investors should consider the important
risks and uncertainties that may cause actual results to differ. These
important risks and uncertainties include those discussed in The Hartford’s
Quarterly Reports on Form 10-Q, our 2004 Annual Report on Form 10-K and the
other filings we make with the Securities and Exchange Commission. The
Hartford assumes no obligation to update this release, which speaks as of the
date issued.
Contacts:
The Hartford
Sue Honeyman
860-547-4976
shoneyman@thehartford.com
Target
Chris Foley
860-284-0088 ext. 223
cfoley@target-capital.com
Web Site: http://www.thehartford.com
