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(800) 252-9332Personal Injury Case Study
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Risk-taking can be fun, but not when it’s a malpractice claim.
Personal Injury Claim
- Lawyer sued for allowing a default judgment taken against client
- Damages of up to $4,000,000 sought ($200,000 policy limit)
- TLIE settled case for $300,000
| INSURED BY TLIE | |
| Deductible | $1,000 |
| Amount over policy limit | +$109,000 |
| Total out of pocket | =$110,000 |
| IF NOT INSURED | |
| Defense cost | $10,000 |
| Settlement | +$300,000 |
| Total out of Pocket | =$310,000 |
