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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When purchasing insurance coverage, it is important to understand the differences between an occurrence policy form and a claims-made and reported basis policy.
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.
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.
Insight from a seasoned agent on how insurance carriers categorize different AOPs, and how these factors can contribute to the calculation of your overall premium.
Your Professional Liability Insurance carrier is on your side. You have the same goals: to minimize liability and mitigate the claim damage.
There are many factors that contribute to making a firm more or less attractive to insurance carriers. The good news is you can control a lot of them.
You’ve been sued … by a client you never had … for damages in a case you never worked. So, why are they suing you?
Professional liability insurance continues to evolve as market conditions change. This article outlines five key shifts affecting lawyers’ liability insurance, including pricing pressure, claims activity, and changes in coverage structure—helping attorneys prepare for renewal decisions.
Using professional liability insurance to cover cyber liability claims can be costly, and it may not cover a data breach or cyberattack.
Curious about the cost of professional liability insurance? With so many factors driving cost, it’s not as simple as looking at a chart and giving you a number.
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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