If you are a professional attorney, you work with clients every day in different areas of the law, and you may even work with clients who are involved in lawsuits. That experience means you probably already know that it is a good idea to have insurance that can protect your personal wealth and your business in case you are ever the one involved in the lawsuit. The coverage you need is legal malpractice insurance.
In an increasingly litigious society, many businesses already carry malpractice insurance and know the protection it can provide, and it is no different for an attorney or a law firm. You may have clients that sue you or your firm after losing a case, or for issues related to your workplace. Even in cases where you eventually win the lawsuit, the costs to provide a defense can add up quickly.
Legal malpractice insurance will not only provide protection for your business, but can also protect your home and other personal assets in case of a lawsuit. It will ensure that your business assets are also protected so you reduce the risk of losing your practice in the event you are sued.
If you are interested in legal malpractice insurance, there are many companies that can provide quotes for you to obtain the right coverage you need based on your circumstances, your practice, and your budget. Getting good malpractice coverage can help protect you if you ever end up on the wrong end of a lawsuit. Click here to learn more.