No two legal malpractice policies are the same, so it’s crucial to understand the specific policy exclusions to ensure you have the right protection for your firm. The legal doctrine, “Caveat emptor, quia ignorare non debuit quod jus alienum emit,”

One critical factor to consider when purchasing legal malpractice insurance is the insurance company’s financial strength. Since legal malpractice insurance (sometimes referred to as “long tail insurance”) often has claims that can take several years to resolve, it’s essential to

An essential aspect of legal malpractice insurance is the duty to defend and the selection of counsel in the event of a claim. Depending on the size of the law firm and the type of policy in place, the insurer

An attorney’s reputation is considered one of their most valuable assets, which is why legal malpractice insurance policies require the insured consent to settlement before the insurer can settle the claim. But what happens if the insured refuses to consent

Professional liability insurance is an essential safeguard for lawyers, protecting you from legal malpractice claims and disciplinary actions. When selecting your insurance policy, understanding the role of deductibles is crucial. Deductibles A deductible is the amount of money that you

Professional liability insurance is an indispensable safeguard for lawyers. It offers financial protection in the event of malpractice claims and disciplinary actions. When selecting a professional liability insurance policy, understanding the nuances of coverage limits is crucial. Limits of Liability

Since, as a lawyer, clients rely on your expertise and ethical conduct, your professional reputation and integrity are paramount. But even the most diligent professionals may find themselves facing disciplinary proceedings. That’s where disciplinary proceedings coverage steps in to safeguard

As a lawyer, you understand how paramount professional liability insurance is in safeguarding your legal practice. It’s your armor against potential legal malpractice claims that may arise in the course of your work. However, what happens when your policy expires

Lawyers’ professional policies are written on a claims-made basis, and claims-made policies are step rated. This means that, if an attorney has no prior acts exposure, it can be expected that for the first number of years, the policy premium