Legal Malpractice Insurance Pricing R2

What Does Legal Malpractice Insurance Cost?

Legal Malpractice Insurance typically ranges from $500 to $7,500+ annually per attorney, depending on:

• practice area,
• location,
• claims history, and
• firm size.

High-risk areas such as real estate, estate, trust and probate, and class action law tend to have higher premiums, while lower-risk practices like workers’ compensation defense and criminal law are often less costly.

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Get an instant view of estimated premium ranges based on your inputs. After submitting the form, you’ll receive a PDF with state-by-state pricing ranges and additional context to help you benchmark your potential insurance costs.

This overview is designed to help attorneys better understand how legal malpractice insurance pricing varies across states, coverage choices, and risk profiles.

Why is there such a broad pricing range?

Pricing varies based on the firm’s risk profile, which includes

• firm location
• area of practice
• number of attorneys
• years in practice
• claims history
• retroactive coverage

Each carrier also evaluates:

• risk management procedures
• filed rates for practice area and location
• available coverage features and policy structure

Firms that are claims-free or implement strong risk management practices may qualify for lower premiums.  Reviewing options across carriers through a knowledgeable agency can help identify more competitive pricing.