Insurance Information Archives

Buy-Sell Insurance for Law Firms and Its Importance

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.

Buy-Sell Insurance is an important tool for law firms to ensure smooth ownership transitions and protect the firm’s value when a partner departs due to a death, disability or another reason. This type of policy helps firms look beyond the day-to-day tasks of managing cases and clients and protect the future stability and longevity of the business.

What Is Buy-Sell Insurance?

Buy-Sell Insurance is typically tied […]

September 29th, 2025|

The Importance of Key-Man 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. One critical type of insurance that law firms should consider is Key-Man Insurance. This type of policy safeguards against unexpected disruptions caused by the loss or disability of a vital team member or partner, helping firms maintain continuity and protect […]

September 29th, 2025|

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 […]

June 27th, 2025|

Cyber Coverages Explained

Cyber insurance has dramatically evolved since the first coverages were added to other policy forms in the 1990s. Traditionally, cyber coverages were only considered necessary in the technology industry — or for those providing technology-related professional services.

It was the dawn of the digital age and growing cyber risk exposures across all industry classes that led to the evolution of cyber as a stand-alone insurance product. Today, purchasing cyber insurance is considered essential by business leaders in nearly every sector, including law.

At first look, cyber coverages can be confusing for a small business such as a law firm. A broad spectrum of exposures are possible, with the top insurers offering a variety of products to protect against them, often bundled into unique package solutions with different levels of coverage. Here’s […]

May 13th, 2025|