The Importance of Key-Man and Buy-Sell Insurance for Law Firms
Note: This article is written in collaboration with Synchronize Insurance Services, powered by Lockton Affinity. In 2022, Lockton Affinity formed Synchronize, combining the specialized expertise of Lockton Affinity, SBG Inc., Blueprint Insurance Services and Freedom Partners to provide one, all-encompassing business solution for clients in the financial professionals industry. Synchronize leads the industry in its specialty, making it more efficient, affordable and accessible to do business.
Running a law firm involves more than just managing cases and clients — it requires protecting the firm’s financial stability and ensuring its longevity. Two critical types of insurance that law firms should consider are Key-Man Insurance and Buy-Sell Insurance. These policies safeguard against unexpected disruptions caused by the loss or disability of a vital team member or partner, helping firms maintain continuity and […]