Professional Liability Coverage for Attorneys in Grand Rapids, MI
Professional liability coverage for attorneys and law firms in today’s business climate is a necessity, and, in some cases, is legally required. L Squared Insurance Agency is Grand Rapids’ trusted source for this coverage.
When you come to us, we take the hassle out of working with a large, impersonal insurance company, while still helping you get customized, affordable benefits that will always come to your aid at the times you need them most. Our promise is that every client will walk out our doors knowing that they have received optimized protection that will keep them safe in all parts of their life.
To get your professional liability coverage for your Grand Rapids law office, call us at 866.940.1101 or request your free quote now!
Risks Facing Attorneys and Law Firms in Grand Rapids
It’s important that attorneys and law firms recognize the numerous professional risks they face, and that they purchase the appropriate coverage to protect themselves against those risks.
Liabilities might arise in any portion of your operations, and these include:
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Performing any professional legal services, including giving advice to clients and assisting with legal matters.
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Performing notary public or title agent services and giving investment advice.
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Using new technologies such as digital document storage, electronic filing of documents and mobile technology. These are cyber liability risks.
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Practicing in areas of law which may be new or unfamiliar to you.
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Performing moonlighting services or pro-bono work.
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Association with workers’ compensation, advertisers’ liability, reputation management, discrimination claims brought by regulatory agencies and real estate claims.
Why Your Practice Needs Professional Liability Insurance
To protect against the many risks facing your Grand Rapids practice, as well as to satisfy any liability insurance disclosure requirements, it’s a good idea to purchase lawyers’ professional liability coverage.
While there are many coverage options available, typical policies feature:
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Protection from demands, suits or proceedings for damages or injunctive relief
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A “claims made” or “claims made and reported” policy option
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Defense against claims alleging wrongful acts (wrongful acts and claim definitions are expanded and broad). Policies can include a “duty to defend” or “non-duty to defend” rule for legal
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Extensions to pro-bono or moonlighting work, or “cocktail party” advice by lawyers
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Advance of defense costs, even if allegations are found to be groundless
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Coverage for non-client claims
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Arbitration of a coverage dispute between the insurer and the insured
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Punitive damages coverage, or coverage of fines, statutory penalties and sanctions
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Limits on deductibles, or deductibles treated on an aggregate basis
With our help, you’ll be able to build the professional liability coverage that is best for you and your business. Just call us at 866.940.1101 or request your free policy quote now.
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