MEDIUM TO LARGE
SIZE PRACTICES

Coverage for Employed Lawyers (Key Employee Plan)

Sometimes an employed lawyer can have a significant impact on a firm’s earnings. The Key Employee plan allows a law firm to take out coverage for the expenses associated with an employed lawyer. In this case the firm would be the owner of the coverage and the insured would be the employed lawyer. Under this plan, there is a 30 day Elimination Period and benefits are payable for a 12 month period after the employed lawyer becomes Totally Disabled.