Most defense attorneys enjoy relatively lower premiums for malpractice insurance. That’s because they are not as often the targets of lawsuits as their colleagues who represent plaintiffs. Lawsuits against plaintiffs’ attorneys are usually the result of a missed statute of limitations. However, as the case of Christ Academy v. Hermes Sargent Bates demonstrates, even defense attorneys who win their cases are sometimes sued for malpractice.
To avoid being underinsured when a claim strikes, a law firm should carry limits of malpractice insurance that are sufficient to cover damages and legal expenses arising out of the representation of their clients’ matters. The bigger the client, the greater the limit of insurance the firm needs to protect itself.
Since a malpractice claim can strike a law firm at any time, and in unexpected ways, it’s best to be prepared with adequate and broad coverage. Since every policy is different, it’s always a good idea to review your coverage on a regular basis with a trusted and licensed insurance broker. To request a review of your firm’s lawyers’ professional liability policy, contact our office at Info@L2Ins.com or (866) 940-1101.