Malpractice Insurance: Practical Protection From Legal Liability

Each year, about six percent of all practicing US attorneys face at least one allegation of professional malpractice.

For the past 20 years, legal malpractice claims have climbed sharply and steadily. The trend shows no signs of reversing In today's litigious society, all prudent legal practitioners must carry professional liability insurance coverage. Whether you are a sole practitioner or part of a 2000-associae international law firm, you cannot afford not to protect yourself.Attorney Professional Liability Insurance

Is Legal Malpractice Insurance Really That Essential?

Professional negligence malpractice claims of any sort are generally and time-consuming to defend. Insurers help lighten this load by providing competent counsel at all stages of your defense.

Typical malpractice coverage includes three levels of protection. Although distinct, these coverages are equally vital:

* Joint Defense Fund Coverage. This coverage provides your legal defense fund in the event of a professional malpractice claim.

* Claims Handling Services. The insurer provides the necessary support staff to address the practical and administrative logistics required to effectively organize and present your defense.

* Protection of Current Clients. If a claim does arise, the insurance carrier intervenes to prevent other clients from sustaining similar damages.

The Best Insurance is Proactive Prevention

Most causes of legal malpractice claims are avoidable Effective preventative measures include thorough legal research, strict adherence to ethical duties, and proper training and supervision of support staff.

Despite the most intense countermeasures, errors and omissions are inevitable. You cannot afford to trust to chance. The odds are against you. Shift them back to your favor with professional liability coverage.Attorney Professional Liability Insurance