Why You Should Consider Lawyers' Professional Liability Coverage
Lawyers' Professional Liability Insurance helps protect D.C. area law firms from costly legal malpractice lawsuits. Law firms that do not carry this coverage leave themselves open to a host of lawsuit possibilities, the most common being:
- Legal malpractice (a former client unhappy with the service or judgments they received.) Suits that may arise out of a former client’s assertion that the bill is too high, unjust or more commonly overdue. In some cases, a law firm may be named as a defendant in a shareholder lawsuit for work they did for that client.
- Lawyers' Professional Liability Coverage protects D.C. area law firms in the event they are successfully sued by actions of current firm lawyers; current employees such as paralegals and investigators; former employees and, in some cases the actions of current employees at a previous firm.