Attorneys Malpractice Insurance
Get lawyers malpractice insurance and protect your firms from claims.
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Professional liability insurance for law firms and attorneys helps protect your firm from risks not typically covered by general commercial liability policies. Just as medical practitioners need malpractice insurance, you need professional liability for your law firm. Attorney Malpractice Insurance (sometimes called Legal Malpractice Insurance) is an essential part of a comprehensive business insurance portfolio. If you already have a policy, you should review it periodically to make sure it is up to date. As your practice expands, it’s a wise idea to increase your coverage limits and reduce your exposure to claims.
You can obtain quotes for lawyers insurance using the form at the top of this page.
You need attorneys liability insurance if:
Lawyers get sued, too, these days with increasing regularity and for increasingly large amounts. Even attorneys in lower-liability areas such as criminal defense and estate planning can be targeted. The suits are filed by disgruntled clients, other attorneys, state regulatory agencies, corporate shareholders and third parties. You might also be named in a class action suit. Without professional liability insurance to cover the costs of litigation up to the amount of your policy, you could see your personal fortune evaporate rapidly.
Professional liability insurance for law firms and attorneys is a variation of Errors and Omissions Insurance (also called E&O) designed specifically for law practitioners. It protects the assets of a law firm and individual lawyers from claims of wrongful acts (errors, omissions or negligence) that result from the performance of professional duties or losses that result to others in the exercise of professional judgment. It is a supplement to (and does not replace) Commercial Liability Insurance, Employment Practices Liability Insurance and Directors and Officers Insurance.
Policies typically cover financial losses and expenses (including legal fees) that result from a claim. Some policies also protect against slander, libel and breach of contract. As with other types of professional liability insurance, legal malpractice insurance, generally protects you from all lawsuits, even those of a frivolous nature. Policies typically do not cover damages from intentional or dishonest conduct, or from non-financial losses. Punitive damages arising from a professional claim usually are not covered, either.
Here are a few other things to consider when looking for quotes for professional liability insurance for law firms and attorneys:
Policies for professional liability insurance for law firms and attorneys are customized for the specific type of practice; quotes will depend on the size and type of practice under consideration. Your previous claims history and loss experience, staff turnover, financial results and operating characteristics can also affect your rate. It pays to shop for legal malpractice insurance. Frequently, a small specialized insurance firm can provide excellent coverage at a better rate than a larger company offering one-size-fits-all policies.
You can get competitive quotes from one or more insurance companies offering professional liability insurance for attorneys and law firms by completing the form at the top of this page. If you do not wish to purchase coverage now, please leave your policy expiration date on the form provided. When your expiration date is closer, you will be contacted so that you can comparison shop for legal malpractice insurance at that time.
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