Lawyers Professional Liability Insurance

Lawyers Professional Liability (LPL) coverage protects individuals and firms against claims of negligence, errors or omissions that cause financial harm to another person or party. As a legal professional, you may be committed to your clients, but they may not always return the favor. Whether a small or midsized law firm, your business has potential exposures as client expectations are increasing and malpractice lawsuits are becoming more common. Your business and financial security may depend on how well-protected your firm is from a lawsuit or claim.

Solo lawyers, moonlighting attorneys, corporate attorneys and any small to large law firms all need Errors and Omissions Coverage. The definition of who is insured under a professional liability policy typically includes current, former and future: principals, partners, officers, members and employees of the firm and the “Named Insured” (the firm itself). The definition may also include “Of Counsels” and contract or temporary employees working under the supervision of an insured.

A single malpractice claim can jeopardize a lawyer’s financial security and reputation. LPL insurance covers defense costs, settlements, and judgments, protecting both the attorney and their clients from devastating financial impact