Practicing law is no easy task. Depending on the type of attorney you are, and the type of clients you normally deal with, your job can be very strenuous. Add to this the arduous task of keeping abreast of, and complying with, the rules that govern the administration of a law firm, and you’ll find you have quite a difficult task. Charges of malpractice can be both damaging and difficult to defend. Obviously, as an attorney you can benefit from Malpractice Insurance in Austin to defend you when its your turn to take the stand.
A client-attorney relationship can easily turn sour
Its likely that as a legal professional you are committed to your clients needs, and as long as things are moving in a favorable direction they’ll remain happy with the results of your actions. But should your client find that they are on the short end of a judges decision they may not always return the favor.Whether you represent a small or mid-sized law firm, your business has many potential exposures as client expectations will not always be met and the unfortunate result of this is an increase in lawsuits, something that has unfortunately become quite common.
More clients are requiring that the professionals they hire carry errors and omissions (E&O) insurance simply because it gives them a sense that they are working with someone who takes their job and position quite seriously. As an attorney, you may risk losing the opportunity for engaging with more new clients without this policy in place.
Plus, you have to face the fact that defense costs, even in the most frivolous cases, can be rather costly. Listen, mistakes happen to everyone sooner or later, and mistakes can easily happen in the practice of law despite the best intentions, stringent safeguards, and risk management you have in place.
While many cases that are brought up against attorneys close without damages being awarded, the costs of simply having to defend against a lawsuit can cripple a firm. A quality professional liability insurance program can be both cost effective and can also help protect your business and your financial security. Malpractice Insurance in Austin is designed to give you the peace of mind you so richly deserve.