As a lawyer, it’s possible that one day you end up on the opposite end of a lawsuit. It’s not out of the ordinary to go from filing a lawsuit on a client’s behalf, to having that same client file a lawsuit against you. That’s why it’s vital that you carry the right insurance to keep yourself protected. As you start your search, here are two key liability coverages you should plan to include in your new policy.
General Liability Insurance
General liability insurance provides wide-ranging coverage for lawsuits brought against you by a third-party, usually due to bodily injury or property damage. For example, if a potential client gets hurt on their consultation visit to your office and files a lawsuit, general liability will cover any associated legal fees and damages for which you’re found liable.
Professional Liability Insurance
Professional liability, or malpractice insurance for lawyers, is more specific in that it protects against lawsuits where you’re alleged to have committed an error which led to an unfavorable outcome for a client. Similar to general liability, your professional liability coverage will pay for any fees, settlements or judgments as determined by the court.
Plenty of other insurance options are available to keep you protected against loss and lawsuits. Work with an experienced agent who’s experienced at customizing their policies to include malpractice insurance for lawyers as well as other necessary coverages.