Lawyers Professional Liability Insurance

Lawyers that focus on liability cases are considered by many people to be scum. However, that is a gross misrepresentation. These types of attorneys work to protect people from corporations that will do anything to make a dollar. However, even these lawyers need to purchase their own lawyers professional liability insurance to protect themselves.

Because no lawyers will represent themselves and they do not insure themselves, if they are named in a case, they will need coverage to protect themselves.

During their careers, approximately six percent of lawyers will be charged with malpractice. These charges mean that their misconduct caused someone else harm. Ironically, the attorneys that are most likely to face this type of lawsuit are the ones that deal with malpractice cases in the first place. Various kinds of lawyers professional liability insurance will cover various contingencies, but it is up to the attorney to make sure he or she purchases coverage that is best for them.

Although policies vary, they will usually not cover things that arose from the attorney breaking a law or engaging in fraud. Furthermore, the lawyers professional liability insurance policy may not cover poor ethics. They will also not cover cases if the suit is brought against the firm by a business that is owned or partially owned by the firm or its principals. However, they will cover claims that deal with malpractice. Regardless of which type of policy the lawyer chooses, he or she should consult with several professionals before committing to anything.