Supplemental Coverage: Combined MLI/EPLI Program

To help protect our firms against the risks they face in operating their businesses and managing lawyers and staff, we offer supplemental coverage programs for management liability insurance (MLI) and employment practices liability insurance (EPLI). MLI covers the firm and its leadership team against claims arising from management decisions and partner disputes, while EPLI covers the firm and individual partners and employees for claims arising from the employment relationship. In tandem with our main LPL policy, our combined MLI/EPLI policy provides comprehensive coverage to our members across a broad range of exposures they face today.

Coverage Highlights

• MLI: Covers claims of mismanagement, breach of fiduciary duty, and breach of partnership agreement; claims relating to mergers, lateral hiring, and law firm dissolutions (including unfinished business claims).
• EPLI: Covers claims of discrimination (including gender pay disparity claims), harassment, wrongful termination, wrongful denial of partnership, and retaliation, among others.
• Cyber Liability: Covers third-party claims arising from the unauthorized access, use, or disclosure of information relating to firm personnel, including breach notification, remediation, and forensic expenses, and fines and penalties.
• “Infill” Coverage: Firms can elect an option that lowers the per-claim retention on any cyber claim under the main LPL policy or the combined MLI/EPLI policy to $250,000.

Underwriting, Coverage, Claims, and Risk Management

• We underwrite the supplemental policies on an individual (i.e., non-unitary) basis, based upon the firm’s submission of an application and supporting materials.
• We provide broad coverage under our supplemental policy, including punitive damages, partnership agreement disputes, and cyber liability.
• Our firms avoid the “prior knowledge” coverage trap other firms face when renewing MLI/EPLI policies in the commercial market.
• We manage claims in the same manner as under the LPL program—collaboratively and by dedicating the resources necessary to achieve the best possible resolution for the firm.
• We offer a wide range of programs, publications, and firm-specific presentations to help members mitigate risks in firm management and employment relationships.

If you have any questions, please contact one of our Member Services professionals.