Bell and Clements is launching an intellectual property legal professional liability product specifically designed for law firms with 65% or more of their revenue derived from the practice of IP law.
Cover is underwritten by the B&C team through The Princeton Excess and Surplus Lines Insurance Company, a Munich Reinsurance America affiliate, rated A+, XV (Superior) by AM Best and AA- (very strong) by Standard & Poor’s.
“The legal market is ever evolving and launching a modular coverage IP product that addresses vital needs for the sector is important and expansive to what is currently available in standard offerings,” said Nick Ash, CEO of Bell and Clements.
“Our product, combined with a specialised distribution approach and a simplified quote and bind system augmented by real-time data, helps to bring the policyholders closer to the carrier. As a result, the entire user experience is much more streamlined. Overall, this is an exciting time for Bell and Clements to further expand and complement the MRSI suite of professional lines capabilities.”
The firm announced a separate partnership with risk management and litigation firm Freeman Mathis & Gary, through which insureds benefit from risk management materials and resources as well as a pre-claim risk management hotline serviced by FMG.
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