Claims against in-house counsel and their employers arising from pro bono legal services are nearly nonexistent. Nonetheless, no one wants to be the exception to the rule. While, legal departments, unlike law firms, do not always carry such insurance, CPBO’s 2012 Benchmarking Report demonstrates that there are a number of options available to legal departments.
The following graphs from the report show the percentage of respondent legal departments that select each of the options:
In-house counsel remain keenly interested in their options for professional liability coverage (sometimes referred to as a type of “sleep insurance” due to the infrequency of claims). For more information about the benefits and drawbacks of the various options available to in-house counsel check-out CPBO’s paper Professional Liability Insurance for In-House Pro Bono or listen to the webinar – “In-house Pro Bono: Professional Liability Insurance,” in which the following panelists explore in-depth the insurance options:
- Susan Friedman – Senior Vice President, Marsh USA Inc.**
- Kevin Horsted – Vice President, NLADA Insurance Program
- Mike Sposato – Deputy General Counsel, Caterpillar Inc.**
- Sara Woods – Executive Director, Philadelphia VIP
- Andrea Wysocki – Assistant Vice President and Employed Lawyers Professional Liability Product Manager, Chubb Specialty Insurance
In-house participants interested in registering to listen to the recording of the webinar should contact CPBO Project Assistant Eric Florenz.
Of course, CPBO remains available to talk with you about your pro bono program, whether it is with regard to insurance or any other issue. To reach CPBO, please contact CPBO Director Eve Runyon.
**denotes a Signatory to the Corporate Pro Bono ChallengeSM