Despite the fact that you work so hard to bring legal counsel, advice and services to your clients, you’re never exempt from malpractice charges, whether you’ve exhibited any wrongful practices or not. To stay protected in the event of an accusation, you’ll need sufficient attorney’s professional liability insurance.
One of the most frequent causes of malpractice accusations is a conflict of interest. Whether you’re working with unbundling services are working around exposures from mergers or if your or a closely related firm is being acquired by another, conflicts of interest can arise that eventually lead to tricky legal scenarios. A study conducted by the American Bar Association proved that any lawyer should expect to go through at least three malpractice cases throughout the span of their careers. For whatever reason, claims against lawyers have only continued to rise in the last few years.
The Benefit of Professional Liability Insurance
Fortunately, no matter what charges or fines you end up facing in the future, attorneys professional liability service from an excellent insurance provider will protect you. Not only that but if you work with the right provider, you can get additional features like subpoena assistance, prior acts coverage and a wide range of limits and deductibles. Take the time to find the right insurer for your firm so that you can stay safe now and in the future.