According to the American Bar Association, almost every lawyer will be charged for malpractice at least three times throughout their careers regardless of whether or not they’ve committed any wrongful acts or crimes. To stay safe, find the best Austin legal malpractice insurance for your firm.
Choosing the Right Insurer
One of the most important characteristics to look for in an insurance provider is whether they draw their funds from a variety of insurance companies or not. With that variety, an insurance provider will allow you to draw from a unique and varied portfolio so that you can stay protected in a wide variety of situations. For example, an excellent insurer will not only be able to cover any damages that you face but will be able to give you some or all of the additional services.
- A wide range of limits and deductibles
- Disciplinary defense up to a certain amount
- Extra claims expenses
- Subpoena assistance
- Privacy breaches
- Prior acts
- Non-practicing extended reporting form for attorneys who have retired or have ceased practicing law
Law firms are constantly in flux as one acquires another and so forth, and the amount of conflicts of interest that arise can be staggering. Stay prepared for anything with adequate insurance and any malpractice cases that you’re bound to face won’t harm you in the least.