A Word From Our Sponsor On Protecting Yourself From Lawsuits

Legal professionals can protect themselves from lawsuits by purchasing legal malpractice insurance. This insurance protects legal practitioners against the money and time that they may lose in lawsuits that they may face. This insurance is different from regular insurance in that it only covers legal professionals from lawsuits against them during a policy period and does not cover hospitalization or accidents
Legal malpractice insurance cost is influenced by the amount of risk that is involved with your business. As a legal professional you will want to make sure that your policy covers all of your areas that you operate within. You can get a policy through a broker or a managing general agent. You can search online to find some companies in your area and then can make your decision based on the legal malpractice insurance cost that is charged by each individual insurance company and what they cover.
With a viable insurance company in place you will want to look at the policies offered and discuss in depth with your broker the weaknesses and strengths of the policy. One important thing to be aware of in liability coverage is that you include the terminology, “retro inception”, which means that you will be covered for acts retroactive to your policy effective date. If your policy does not cover previous acts that began before the inception of your insurance, you can purchase ERP or extended reporting period options from your previous insurance to make sure that you are covered if claims are made on your prior service. Make sure that you protect yourself from lawsuits with legal malpractice insurance.