5 Reasons Small Law Firms Need Professional Liability Coverage

Professional liability insurance is critical piece of protection for small and large firms alike. In the event a malpractice claim is filled against your firm, a professional liability policy will help cover the cost of certain legal fees, and judgments or settlements your firm may face.

  1. The odds
    Even if your practice is small and you are extremely diligent in your work, your firm can be sued. Though you may work in a space where “everyone knows everyone” and you trust that your clients would never sue your firm, you truly never know. An estimated 4-17% of lawyers are sued each year, and of all reported malpractice claims, 70% are made against firms with fewer than five attorneys.
  2. Peace of mind
    An error-free representation does not mean you are free from […]