Brokers tell us that when a client is nearing retirement or leaving practice they will often switch them to the AXIS policy. For one very good reason: free unlimited tail coverage for qualified attorneys after only one year with the Program.
While other carriers may offer this benefit, it’s typically after the client has been with their program 3-5 years. Even if the AXIS policy is more expensive, it’s an easy sale when the client realizes how much they will save if they have to purchase an Extended Reporting Period Endorsement.*
“I’ve been in the insurance business for 38 years. We’re fans of AXIS. We’re fans of Aon. Our largest block of business is with AXIS. That in large part is due to two things: the rates and the policy form.”
“The overall professionalism and customer service we’ve received from Aon since day one has been top notch. Aon’s quick turnaround on quotes is outstanding. The insurance policy form with AXIS is one of the best insurance policies I’ve reviewed, which makes it easy to sell professional liability to the law firms we work with.”
“One of the factors that separates Aon Attorneys Advantage from the competition is its ability to write small law firms that specialize in a variety of areas of practice.”
“Anyone can sell price. Our brokers leverage our industry-leading coverage form; value-added risk management content and our carrier’s financial stability to sell our program.”
*After an attorney retires or otherwise ceases practice, to receive the unlimited Extended Reporting Period endorsement at no additional charge, they must have been insured under the Aon Attorneys Advantage Professional Liability policy continuously for one full year, plus the previous three full years under a single policy with a prior insurance company. This information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured.
