As a mid size law firm, no doubt you have questions about the type of insurance policies you need to stay protected. Lawsuits can and do happen, it is always best to be prepared. Here are some questions to ask about professional liability insurance.
How Much Insurance Do You Need?
This is highly dependent on the firm. Mid size law firm professional liability insurance lawyers will vary from firm to firm. Speak to a provider first to find out what type of insurance might suit your firm best.
What Happens if an Attorney Fails to Report a Wrongdoing?
In a mid-sized firm, there may be times where an attorney fails to report a wrongdoing. A question that firms often have is whether they are covered if they did not know about it. In some cases, you may be able to receive innocent insured coverage.
Is Risk Management Necessary With Insurance?
A risk management plan should be in place with every law firm. A risk management plan helps you avoid risks. Some insurance plans may even offer assistance in putting a plan into place. While you have coverage in case a client does file a lawsuit, it is better not to get to that point.
When it comes to mid size law firm professional liability insurance lawyers, you can’t go without.