CollectProtect: A Lawyers Professional Liability policy designed for Debt Collection lawyers.
AHERN Insurance Brokerage is honored to announce that we have been appointed as one of only three brokers nationwide to have access to a new program created specifically for Debt Collection lawyers, CollectProtect.
The CollectProtect program provides customized enhancements specifically for the distinct professional risks that Debt Collection lawyers face.
Key Enhancements of the policy include:
Expanded Definition of Damages
CollectProtect incorporates fines and penalties coverage for the FDCPA/FRCA to the full limit of the policy, and a $500K sublimit for TCPA. Damages includes pre-and-post judgement interest, punitive and exemplary damages.
Pre-approved Defense Counsel
Wilson Elser Moskowitz Edelman & Dicker is pre-approved as defense counsel.
Mutual Selection of Defense Counsel
In tandem with the pre-approved Defense Counsel provision, CollectProtect makes overall selection of counsel mutual.
Optional Coverages for Eligible Firms include:
* Client/Project Specific Coverage
* Self-Representation & Bordereau Reporting
Program Eligibility – Key Guidelines:
* Law Firms with at least 50% AOP in Collections
* Law Firms with 5-150 attorneys
Limits up to $5,000,000 Per Claim / $5,000,000 Annual aggregate are available, with a minimum retention of $25,000. This program is underwritten by a non-admitted carrier rated “A” (Excellent) by A.M. Best.
For additional information about the CollectProtect program, please click here or contact:
Shawn M. Royle | Chief Executive Officer
T: (858) 514-7123 | E: sroyle@aherninsurance.com
