In today’s world, it is important for businesses to carry some form of professional liability insurance to protect them from the risk of financial loss. If you are a legal business, then it might be smart to carry lawyer malpractice insurance. This is a specific type of insurance that can offer you better coverage in case you need to file a claim.
When you invest in lawyer malpractice insurance, your policy will be catered to your specific needs. The following are some examples of available coverage options:
- Negligent acts
- Personal injury
- Errors and omissions
- Identity protection
- Pro bono work
- Defense costs greater than the available limit
- Fiduciary liability
- Protect Your Reputation
If you work in the legal industry, then you probably understand how valuable your reputation is. With the right insurance, you can safeguard your reputation in the event that something goes wrong. You can also make it easier for you to establish a good reputation while you perform pro bono work. The better your reputation is, the more success you are likely to achieve. Therefore, it is probably worth it to invest in the necessary insurance.
Remember, that even the most competent attorneys can end up in the middle of a lawsuit. With the right insurance, the financial risk of this situation will be minimized. For more information on this important coverage, contact an insurance agency today.