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Do you have to be an attorney to have professional liability insurance?

Do you have to be an attorney to have professional liability insurance?

Lawyers may have to be considered a true employee of a firm to be covered under the provided professional liability coverage. Some lawyers are only loosely affiliated with various law firms, in which case they would not be covered under the company’s policy, and would have to get their own separate coverage.

Do you need malpractice insurance for a law firm?

Get lawyers malpractice insurance and protect your firms from claims. Professional liability insurance for law firms and attorneys helps protect your firm from risks not typically covered by general commercial liability policies. Just as medical practitioners need malpractice insurance, you need professional liability for your law firm.

What can professional liability insurance do for You?

Professional liability insurance can pay for the cost to defend lawsuits against you or your firm, as well as any settlements or judgments that arise out of your firm’s mistakes.

Where can I get insurance for my law firm?

You can get competitive quotes from one or more insurance companies offering professional liability insurance for attorneys and law firms by completing the form at the top of this page. If you do not wish to purchase coverage now, please leave your policy expiration date on the form provided.

Do you need a lawyer for medical malpractice?

It does not cover intentional or criminal acts or sexual misconduct. In the event of a medical malpractice lawsuit, insurance companies will provide a lawyer, included in the cost of coverage, to provide defense of the claim. Other services, such as risk management education, are available from many malpractice insurers.

How does professional liability insurance work for lawyers?

Professional liability insurance policies are claims-made policies. With a claims-made policy, the event that triggers insurance coverage is the filing of the claim. The insurance that is active at the time the claim is filed covers the claim, rather than the insurance that was active while the incident causing the claim happened.

Who is covered by medical malpractice insurance policy?

A medical malpractice insurance policy is often carried by physicians, nurses, physical therapists, and other medical professionals as a way to be protected from certain liability claims and damages. Sometimes referred to as Med Mal or medical liability insurance, this type of policy can also provide a lawyer if a case goes to court.

What kind of insurance does a law firm need?

Professional Liability Insurance is one of the most important insurance coverages a law firm can carry. As an attorney, you and your firm likely uphold the highest standards of professionalism and service to your clients. However, in spite of your best efforts, sometimes clients can be disappointed with your work.