Lawyers Professional Liability In Kalamazoo, Michigan
Kalamazoo, Michigan, legal professionals are exposed to a variety of risks due to the nature of their profession. One of the best ways to protect your practice against such claims is to secure a lawyers professional liability policy. Kalamazoo, Michigan, legal professionals trust the team at L Squared Insurance Agency with their insurance needs. Contact one of our agents today to get started on your lawyers professional liability coverage.
What Is Lawyers Professional Liability Insurance?
Like standard professional liability insurance, lawyers professional liability insurance helps protect attorneys and law firms against potential risks. The main difference is that these policies are tailored specifically to the risks and exposures that legal professionals may face.
Generally, these policies can be adjusted to help provide coverage against risks that arise from performing legal services (e.g., giving advice or assisting with legal matters), moonlighting, performing pro bono work, practicing in new or unfamiliar areas of law or performing notary public or title agent services.
What Is Covered By Lawyers Professional Liability Insurance?
While coverage will vary from policy to policy, lawyers professional liability insurance typically features the following:
Protection from demands, suits or proceedings for damages or injunctive relief
Coverage for nonclient claims
A “claims-made” or “claims made and reported” policy option
Arbitration of a coverage dispute between the insurer and the insured
Defense against claims alleging wrongful acts (wrongful acts and claim definitions are broad, and policies can include a “duty to defend” or “non-duty to defend” rule)
Extensions to pro-bono or moonlighting work, or “cocktail party” advice by lawyers
Advance of defense costs, even if allegations are found to be groundless
Punitive damages coverage, or coverage of fines, statutory penalties and sanctions
To learn more about what policy options may be available to you and your unique needs, talk to an L Squared Insurance Agency team member today.
Is Lawyers Professional Liability Insurance Expensive?
The cost of lawyers professional liability insurance will vary, as policies are quoted on a per-attorney basis. Additionally, the following factors can affect the cost of coverage:
Talk with your agent at L Squared Insurance Agency to discuss the potential cost of your coverage.
Get a Lawyers Professional Liability Policy in Kalamazoo Today
Legal professionals in and around Kalamazoo can contact L Squared Insurance Agency to discuss their professional liability insurance needs. At L Squared Insurance Agency, we want to help you build the best coverage for you and your business. Contact us today to speak with an agent about lawyers professional liability coverage.