Does Your Law Firm Have the Right Amount of Coverage?

Even with years of experience and extensive education, the most detailed legal professionals could still run into various issues with regard to the services they provide. In fact, a myriad of mistakes may be made due to acts, errors, and/or omissions in providing services. This, in turn, could lead to financial losses.

That is why law firms need to make sure they have the right amount of coverage with the insurance carrier that best fits their firm.  Not all carriers and not all policies are equal which is why law firms need an insurance expert to review their coverage on a regular basis. Having the right amount of coverage will provide financial protection for losses that are incurred from such situations when providing your clients with legal services. 

Does the Coverage You Need Match Up to What You’ve Got?

There are numerous potential exposures that legal professionals could be subject to, such as:

  • Misinterpretation of the law
  • Conflicts of interest
  • Offering bad advice
  • Missed deadlines

Further, there are certain types of attorneys who may be more at risk than others in various – and potentially costly – incidents. These can include lawyers who work with:

  • Wills, trusts, and estates
  • Personal injury cases
  • Loan modifications

Unfortunately, the insurance application process can be tedious and time-consuming – and in order to obtain multiple quotes, you could find yourself spending endless hours filling out the same information on several applications.

But it doesn’t have to be that way.

When you rely on Coastal Insurors for your insurance quotes and revisions to your coverage, our proprietary software only requires you to provide your information once, and it can then be submitted to several insurers.

How to Ensure that Your Insurance is the Right Plan for Your Firm

If your current law firm insurance policy has any “gaps,” or if you would simply like to get a second opinion on whether or not your present coverage matches up to your specific needs, contact Coastal Insurors.

You can reach us by phone at (800) 368-3363 ex. 402, or you can send us an email with any questions or concerns that you have to blair@coastalinsurors.com. We look forward to helping you keep your firm, your money, and your reputation in-tact – even if the unexpected occurs.

 

Photo by Scott Graham on Unsplash