Did you know that the number of claims against lawyers has increased in the past two decades? Furthermore, about six percent of lawyers in the United States will most likely have to deal with a professional liability allegation in any given year. Lawyers working in firms that have five attorneys or fewer are more likely to face a professional liability lawsuit. If you don’t have Errors & Omissions for Lawyers, you run the risk of having to pay for claims made against you.
Types of Coverage
There are a variety of coverage options available for lawyers. Most insurance policies will offer you protection from:
- Real estate transaction errors
- Failure to timely file or respond
- Missed statues of limitations
- Drafting errors
- Improper advice
Because coverage needs vary from lawyer to lawyer, the majority of the insurance policies you encounter should let you pick and choose what coverage you need. You don’t have to worry about paying for unnecessary extras.
Don’t Risk Being Uninsured
Making sure you have Errors & Omissions for Lawyers is one of the best steps you can take to protect yourself and your practice. If you ever have a claim brought against you, you’ll be thankful that you took the time to research your options and find a reputable insurance agent to partner with. Don’t leave your practice exposed. Get the right protection for yourself today.