Why Does Lawyers Professional Liability Insurance Make Sense for You and Your Firm?
Many attorneys believe that purchasing any type of professional liability insurance makes them an easy target for lawsuits. The truth, though, is that a determined client or savvy attorney can sue you regardless of your professional liability status. A policy can protect you from losing assets, paying high legal fees, and potential business failure.
Common Liability Insurance Misconceptions
Many Lawyers believe that purchasing any type of Professional Liability Insurance makes them an easy target for lawsuits. The truth, though, is that a determined client or savvy attorney can sue you regardless of your Professional Liability status. A policy can protect you from losing assets, paying high court fees, and potentially losing your business. The relatively low cost Professional Liability Premium from Protexure Lawyers makes the protection we provide all the more worth the cost.
Is ½% to 1% of your firm’s annual revenues really too much to pay for peace of mind?
You should know that considerable time and effort has been invested by law firms and expert witnesses in pursuing accountants for malpractice. Type “accounting malpractice attorney” or “accounting malpractice support” into an internet search engine and you will see page after page of hits. Also be aware: The American Bar Association now has an accredited body that certifies specialists for suing accountants for malpractice. Many law firms even provide financing for their clients in order to facilitate filing a claim. It’s easier than ever for clients and other third parties to make a demand against you and pursue it.