Behind Professional Liability Insurance for Lawyers

Lawyers, especially those fresh to the position, have an understandable fear that they may one day be subjected to a malpractice claim. By obtaining Santa Fe Insurance coverage that addresses these concerns they can rest a bit easier knowing that an unfortunate occurrence, such as a missed deadline, doesn’t have to result in a sizable, out-of-pocket expense.

Plenty of attorneys, many struggling to remain solvent, should properly insure against these types of claims or they could wind up being forced out of business due to having to pay a large settlement to their accuser. Charges for alleged errors or omissions can be difficult to defend against and it often comes down to providing proof of performance of duties to your client. This may not always be so clear and easy to do. Professional liability insurance for lawyers is designed to protect attorneys against claims of professional negligence.

Lawyers experience a number of exposures

Law firms have become a target of more malpractice claims annually, more than any other professional sector. These lawsuits can arise from any number of accusations, and are often a result of an attorney’s failure to communicate clearly with their clients. They often get cited for failure to meet deadlines, not filing a timely appeal, or issues with incorrect billing. A frustrated client may look at a situation of this nature so unfavorably that they decide to file a claim as a result.

With law firms being selectively targeted by their own clients for what is perceived as failing to provide services as outlined, some have made the smart decision to invest in professional liability coverage under Santa Fe Insurance. This coverage will provide protection for law firms and the attorneys who work on behalf of the firm if they are ever named in a lawsuit that could be financially damaging.

Obtaining this policy provides financial assistance for legal fees and settlement costs as a result of a claim lost in court, along with any legal counsel required. This is provided that there were no fraudulent or criminal acts committed, nor anything deemed to be malicious or dishonest. Speak to an agent that can answer any specific questions you may have.