Articles with insights and tips to help attorneys and law firms improve their practice, adapt to market changes, explore tech, stay informed, and protect it all with tailored insurance solutions.
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Time is our most valuable asset, both personally and professionally. Unfortunately, many don’t pause to consider how they are using their time.
Knowing what changes can affect your liability insurance policy, and which need to be reported to your agent ASAP is important.
Ask the difficult question: Will my law practice be adequately protected with the insurance coverage and limits I have chosen?
Be careful when switching your professional liability insurance policy. There can be dangers if you don’t know what to watch out for.
Referrals can be an excellent way to grow your business. Knowing how to ask for a referral can be an effective way to start bringing new business in the door.
Firms who embrace new business models, new technologies, and new types of team members will be able to serve more clients and see more growth than ever before.
The legal industry is behind the curve when it comes to Diversity, Equity, and Inclusion, or DE&I and are recognizing the organizational, social, and economic benefits of creating a diverse environment.
The demand for legal services is staggering. As an industry, we need to prioritize helping these under served communities.
There’s a world of people out there who are searching for your services. Google Ads can help connect those people with you and your services.
When a law firm is placed in the non‑admitted (surplus lines) market, it often raises questions about long‑term insurability. This article explains why firms are moved into non‑admitted coverage, how claims history affects underwriting decisions, and what attorneys can do to improve their chances of re‑entering the admitted professional liability insurance market.
Malpractice claims are bad news. With so much on the line, it makes sense to do everything you can to avoid receiving a malpractice suit.
Now is the time for tech-savvy firms to set themselves apart from the crowd and take control of their customer retention.
Stay informed with practical guidance on legal malpractice prevention, law firm management, and business insurance strategies.
From risk management and firm operations to emerging industry trends, these articles are designed to help you protect your practice, strengthen client relationships, and operate with confidence to level up your legal career.
Yes! Professional liability insurance (PLI) can provide your law firm with a defense in the event a claim is filed against you, whether an error was made or not. Should a claim occur, PLI coverage may provide you with access to a defense attorney seasoned in lawyer’s malpractice claims caused by:
Access to this type of support when dealing with a malpractice claim can help eliminate the loss of time and money (and not to mention stress) that defending a claim requires. Having someone on your side to offer advice and answer questions is invaluable.
Many states require lawyers to disclose whether they carry malpractice insurance. Some states may require clients to sign a written disclosure acknowledging that the attorney is practicing without professional liability insurance coverage. Requiring potential clients to sign these disclosures may cause them to question working with you. Or you may practice in a state that requires PLI. Oregon and Idaho, for example, currently require attorneys to carry professional liability coverage. Just more reasons why yes, you do need professional liability insurance.
Lawsuits can happen, frivolous or not. Without adequate coverage protecting your firm, a lawsuit could be so costly that it leaves your business in ruins.
Because professional liability insurance is written on a “claims-made and reported” basis, you will want to obtain coverage for your firm as early as possible in your legal career.
“Claims-made and reported” means the claim must occur and be reported during the policy period. Your retroactive date, or prior acts date, is the date upon which you first obtained coverage. When a lawyer has prior acts coverage, malpractice issues that occur after the retroactive date are usually covered* as long as the matter was reported in compliance with the policy. On the other hand, any alleged malpractice that happened prior to the retroactive date would be excluded from coverage, even if reported during a current policy term.
So, you will want to have coverage in place as soon as possible because you will need to have a policy in place when the error occurs and the claim is reported (or coverage may not apply).
Many factors can determine your annual premium, and rates may differ between carriers.
Some key premium factors are:
Price vs. Value: Making Informed Choices When Shopping for Lawyers Professional Liability Insurance
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