TLIE Basic Lawyers' Policy

The Basic Policy generally provides less comprehensive lawyers' liability insurance coverage than the Regular Policy, and therefore, generally costs less than the Regular Policy. A flat rate is generally charged for the Basic Policy with some variations for special programs described below.

Policy Limits

The only Policy Limits offered under the Basic Policy are:

$100,000 per claim / $300,000 aggregate
$200,000 per claim / $600,000 aggregate
$500,000 per claim / $500,000 aggregate
$1,000,000 per claim / $1,000,000 aggregate

All Basic Policies have a $1,000 deductible which applies only to loss payments, not to defense costs.

Claim Expense Allowance

The Basic Policy covers defense costs up to the policy limit, but unlike the Regular Policy, it does not cover any defense costs in excess of the policy limit.

DTPA and Other Additional Damages

The Basic Policy specifically excludes coverage for additional damages under the Deceptive Trade Practices Act, punitive and exemplary damages, mental anguish and emotional distress damages. The Basic Policy also excludes coverage for securities work.

Please note these brief highlights of the Basic Policy refers to the unendorsed BSC-3 policy form which you may, and should, review in detail by clicking the SPECIMEN link below. Any TLIE policy may be endorsed to vary from specimen policies provided to you. Policy provisions may be added or deleted depending upon underwriting circumstances. Please read any quoted policy carefully before deciding if it fits your needs.

• Specimen Basic Policy

Special Programs

TLIE offers the Basic Policy at a reduced premium in several special programs to lawyers with specific limited needs in certain situations. The Basic Policy offered under any of these programs is limited to $100,000 per claim and $300,000 aggregate, with a $1,000 deductible.

• Special Basic Policy Programs

For more information about the TLIE Basic Policy, contact Jason Syesta at 1-800-252-9332 or jsyesta@tlie.org.

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