Lawyers Professional Liability Insurance
Attorneys have special needs when it comes to insurance and Professional Protective Alliance has a long history of meeting those insurance needs for lawyers in New Jersey, Pennsylvania, Delaware, Connecticut, and Maryland. An 80+ year history, as a matter of fact.
It’s our commitment to excellence in service to our clients and in the insurance products we have to offer that makes the difference. Even when it comes to hardship cases that may have not been renewed by former insurers, been cancelled, or that have had claims made against you, we can do more for your insurance needs than most other insurance companies are able to because we offer such a wide range of insurance products and specialize in professional liability insurance.
Who Needs Attorney Insurance?
The long and short of it is that lawyers need professional insurance protection from claims made of legal malpractice. You’ve worked hard to create a thriving legal practice. One single lawsuit filed against you can undo years of hard work by causing massive financial fallout in addition to damaging your reputation.
The need today is greater than ever before for attorney’s to protect yourselves, your practices, and your families from the damages resulting from legal claims made against you – founded or not – and the fallout that arises from them.
What Kinds of Professional Insurance do Attorneys Need?
The most basic kind of insurance for a law practice is the standard business owners’ policy, also called a BOP. This offers the most basic coverage for the business property, general liability, crime insurance, and coverage for loss of utilities as well as business interruption.
The thing to keep in mind about the BOP is that it’s a foundation and not a full-scope policy. You need to add rider policies and umbrella coverage, in most cases, in order to round out the policy into something that meets all the needs of an active legal practice.
Don’t forget to look for policies that offer standard business coverages such as the following:
Workers’ Compensation Insurance – If you have employees in your firm, you need workers’ compensation coverage. It protects your business interests and helps speed your employees along on the road to recovery if they’ve been injured on the job.
Employment Practices Insurance – You know, better than most, that when the economy is bad, employment practices claims increase. It’s more important than ever to make sure your business is covered by this important insurance protection.
This coverage offers vital protection that helps safeguard professional and personal assets in the event that a claim is filed against you. These are items you may want to include in your policy.
Legal Fees – Many attorneys find that court costs alone in one legal malpractice case are considerably more than the cost of coverage making this a cost-effective decision.
Awards and Settlements – You’ll have a predetermined amount or cap on the liability coverage offered. Make sure it’s one you feel is adequate for your needs given the litigious nature of society today.
Prior Acts Coverage– This date stands for the date at which coverage begins. Ideally it will be the date you began your practice.
Disciplinary Coverage– Covers expenses related to disciplinary/bar action.
Subpoena Coverage – Expenses related to subpoenas.
Lost Earnings Reimbursement – Coverage wages lost while attending hearings or participating in the trial.
Data Breach Liability – This policy helps with expenses related to data breaches in which private and confidential information about your clients, employees, etc. is leaked to the public.
Why Trust Professional Protective Alliance with Your Attorney Insurance Needs?
We specialize in insurance protection for professionals. This means that we have a wider selection of insurance products for professionals and a broader understanding of your unique professional coverage needs. We can get to the heart of the matter to get your practice the coverage you need without bundling a list of products you do not need into the package.
Call Professional Protective Alliance today at 800-864-3952 to see what a difference working with insurance specialists makes.
“Choosing insurance is a tremendous responsibility, and we are delighted to assist in that process. We consider your needs personally, and intelligently.”