Attorney Protective FAQs

Berkshire Hathaway is most often thought as the company run by Chairman and CEO, Warren Buffett. It is one of the largest holding companies in the United States and is considered by many as one of the most respected companies. Berkshire Hathaway was even named the “Most Respected” company in Barron’s Survey in 2008. It has a substantial presence in insurance including property & casualty, reinsurance, and non-standard insurance (including companies GenRe, National Indemnity, Medical Protective, GEICO).
Early roots go back to the mid 1800’s when it got its start as a textile operation. In the 1950’s Berkshire Fine Spinning Associates merged with Hathaway Manufacturing. In 1962, Mr.Buffett purchased controlling rights and in 1967 transitioned the core business from textile manufacturing to insurance operations. Mr.Buffett’s approach to investing has long been admired by the investment community. He seeks companies well suited for long term profitability. Berkshire’s insurance companies maintain strong capital positions and a very large amount of surplus. This is reflected by the continuous solid financial ratings it receives from all rating agencies.
Demonstrating its valued diversity, Berkshire as a holding company owns many other companies in other industries such as retail, manufacturing, building products, and finance including Nebraska Furniture Mart, Borsheims, Fruit of the Loom, Benjamin Moore, Helzberg Diamonds, and See’s Candies.
http://www.berkshirehathaway.com/

Defending a lawsuit can be very expensive even if you settle. Your business practice inherently puts you at risk of being sued for malpractice. Although you trust your good intentions and solid risk mitigating capabilities, a lawsuit can surface at any time and sometimes for no good reason. According to the ABA Standing Committee on Lawyers’ Professional Liability, both the numbers of claims being paid and the amount being paid are on the rise. Given the current economic conditions, the ABA and others are expecting even more increases in field claims and suits.

Protecting your assets is one of the most important things you can do for yourself and your family. We recognize the importance of insurance in our everyday lives by insuring and protecting assets such as home, automobile, personal liability, and, our lives. Your reputation, and the business built upon it, is the asset that supports all other aspects of your life. As such, it needs insurance protection as much or more than the other assets you insure. Call your broker today to discuss your legal liability insurance options and best interests. If you do not have a broker, contact us at (877) 728-8778 and we can direct you to one.

Our definition of legal services is intended to cover what most attorneys do in the modern practice of law and includes services provided as the following, subject to the specific provisions of the policy:

• An attorney or notary public
• An arbitrator or mediator
• A title insurance agent
• A government affairs lobbyist or advisor
• An administrator, conservator, executor, guardian, trustee, receiver, or in any similar court appointed fiduciary capacity (see policy particulars)
• An author of legal research papers, including CLE, where remuneration is less that or equal to $25,000
• As a member of a bar association or other legal or attorney related ethics, peer review, accreditation, licensing or similar board, committee or organization.

Our definition of insured specifically identifies the type of individuals within your practice who are a part of providing services to your clients on your behalf and includes the following, subject to the specific provisions of the policy: 

• The named Insured and any predecessor firm specifically named as such
• Any present partner, principal, officer, director, shareholder, or employed lawyer of the Named Insured acting on your behalf
• Any past partner, principal, officer, director, shareholder, or employed lawyer of the Named Insured acting on your behalf
• Any lawyer who acts as Of Counsel to Named Insured and is designed as such
• Any non-lawyer employee or independent contractor acting on your behalf and providing legal services
• The estate, heirs, executors, administrators, assigns and legal representatives of any Insured

Please visit our applications page to learn more about how to apply with Attorney Protective.