Today, legal professional liability lawsuits are on the rise, which is why it is so important for individual attorneys, groups of attorneys and large firms alike to carry lawyers’ professional liability coverage. These policies are designed to protect lawyers and law firm employees from claims arising from accidental errors and omissions, as well as:
- Abandonment of representation
- Instances of inadequate representation
- Administrative errors and substantive errors of law
- Breach of fiduciary duty
- Instances of conflict of interest
Instances of fraud, criminal acts, intentional dishonesty and bodily injury or property damage are not covered.
Protect Yourself in Light of a Legal Malpractice Claim
The best thing you can do to protect yourself from claims of professional liability is to maintain continuous lawyers’ professional liability coverage. If a past client sues you and it is discovered that you were not covered at the time of representation, you will not be covered for that particular claim. This is why it is so important to ensure there is never any gap in coverage.
Additionally, as a lawyer yourself, you know how important it is to seek professional legal advice when faced with a lawsuit. Seek the representation of lawyer particularly trained in the field of lawyer professional liability defense to achieve the best possible outcome.
Lawyers’ professional liability coverage and a qualified liability defense attorney can serve to protect you from a damaged reputation and financial peril in the light of a legal malpractice lawsuit.