What Does Disciplinary Proceeding Expense Coverage Mean?

Free Business Insurance Quote Click Here
What does Disciplinary Proceeding Expense Coverage mean? Read on to discover the definition & meaning of the term Disciplinary Proceeding Expense Coverage - to help you better understand the language used in insurance policies.

Disciplinary Proceeding Expense Coverage

Disciplinary Proceeding Expense Coverage

A type of coverage found within nearly all lawyers professional liability insurance policies that pays the expenses required to defend an insured attorney when a state bar association or regulatory agency brings disciplinary proceedings against him or her. Disciplinary proceeding expense coverage is typically subject to an annual sublimit of either $5,000 or $10,000. In addition, expenditure of such monies reduces the policy's annual aggregate limit. However, disciplinary proceeding expense coverage does not apply to fines, penalties, monetary sanctions, or the return of any client fees.

We hope the you have a better understanding of the meaning of Disciplinary Proceeding Expense Coverage.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here