Lawyer Professional Liability Insurance
EVEN THE BEST LAWYERS CAN FIND THEMSELVES ON THE WRONG SIDE OF A LAWSUIT
ONE MAJOR CLAIM COULD WIPE OUT YOUR ENTIRE FIRM’S FINANCIAL STABILITY
It’s a nightmare scenario that no law firm wants to face. A hefty lawsuit that could potentially bankrupt your business and put your reputation on the line – not to mention the livelihoods of your employees. You can’t afford to take any chances.
That’s where Lawyer Professional Liability Insurance comes in. With this insurance, you can rest easy knowing that you’re protected against legal claims or lawsuits arising from the professional services you provide.
DON’T LOSE IT ALL BECAUSE OF AN HONEST MISTAKE OR AN UNFOUNDED CLAIM
Protect Your Law Practice
Lawyer Professional Liability (LPL) Insurance
Lawyer Professional Liability insurance, also known as Legal Malpractice Insurance or Attorney Professional Liability Insurance, specifically covers legal practitioners and law firms. Lawyer professional liability insurance is a type of insurance that provides coverage for legal professionals in the event that they are sued by a client for malpractice or negligence. This type of insurance is essential for any lawyer or law firm, as it protects them from financial issues in the face of a lawsuit. LPL insurance can cover a wide range of costs associated with a lawsuit, including legal fees, settlement costs, and damages awarded to the plaintiff.
Lawyers are often required to handle sensitive client information and make critical decisions that can have long-term consequences. Even the most experienced lawyers can make mistakes, which can result in lawsuits and legal action. Without professional liability insurance, lawyers may face significant financial costs and loss of reputation in the event of a lawsuit. It is important for legal professionals to carefully consider their insurance options and choose a policy that provides comprehensive coverage for their specific needs. In addition to providing financial protection, LPL insurance can also help lawyers maintain their professional reputation and credibility in the legal community.
Overall, lawyer professional liability insurance is an essential form of protection for legal professionals. Whether you are a solo practitioner or part of a large law firm, having this type of insurance can provide peace of mind in the event of a lawsuit. Let us shop for the right level of coverage for you so you can focus on your caseload and your law firm.
LPL insurance is an essential investment for any law firm, as it provides a safety net against the potentially crippling costs of professional negligence claims. With the complexities of modern law, even the most diligent lawyers can make mistakes, and these errors can have serious consequences. We understand the pressures and challenges faced by lawyers every day, which is why we offer comprehensive insurance coverage that is tailored to specific needs of your practice. Our team of experts is dedicated to providing you with the support and guidance you need to navigate the complex world of compliance and risk management, so you can focus on what matters most – building your practice and serving your clients.
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A bankruptcy judge has allowed current and former officials of SVB Financial Group, the parent company of Silicon Valley Bank, to access $210 million in insurance coverage from directors and officers liability policies to defend themselves against litigation following the bank's collapse. The Committee of Unsecured Creditors had objected, arguing that spending insurance money on defense would leave less for other potential litigation or settlements. However, Judge Martin Glenn stated that the policies explicitly give priority to the bank's directors and officers and that insurance exists precisely for such situations, adding sufficient oversight measures to prevent wasteful depletion of funds.
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Client Since 2017
I had an excellent experience with Cornerstone. They took the time to identify my specific needs instead of just pushing a product. They really went above & beyond my expectations.
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