As an attorney, you are likely well aware that you and your practice may need protection from situations like lawsuits that are filed against you, as well as any judgments or settlements that could arise due to making a mistake with a client – even though it is unintentional, and you strive to uphold high standards of service and professionalism to those you work with.
Any type of error that is made by you or your law firm could cause substantial expense. So, just like the financial protection that you carry on your home, your vehicle(s), and your health, having professional liability insurance coverage is highly recommended.
In most states, this type of insurance protection is not required by law. But it may be necessary for you to provide notice to your clients if you are not covered – and this requirement could even go so far as having your clients sign a written disclosure that states they are aware of this.
When purchasing a professional liability insurance policy, you will want to make sure that you obtain the right type and amount of coverage for your specific needs. Not all insurance carriers or professional liability policies are the same. Nor are the potential risk parameters for different types of attorneys who practice in various areas of law.
So, it can help if you have the guidance of an experienced professional who is well-versed in how this form of insurance works, and the steps that must be taken to get you and your firm properly covered.
If you would like to obtain a quote on professional liability coverage that can ensure that you and your firm are protected, contact Coastal Insurers today at (800) 368-3363 ext. 1001. Or feel free to send us an email with any additional questions that you have to: blair@coastalinsurors.com. We look forward to helping you with your professional liability coverage needs.