Why do I need Lawyers Professional Liability insurance?
- Malpractice (a former client unhappy with the service or judgments they received).
- Suits that may arise out of a former client’s assertion that the bill is too high, unjust or, more commonly, overdue.
I already have legal liability insurance. Why consider the New York State Bar Association’s plan?
With Lateral Hire Coverage, attorneys who join your firm will be covered for their prior acts, provided (1) they meet the terms and conditions of the policy and are subject to underwriting approval; and (2) have maintained continuous claims-made coverage while in practice. (This coverage may be excluded from the policy upon your law firm’s written request.)
Special Benefits for Sole Practitioners include the following:
• Part-Time Program
• Extended Reporting Period
• Retiree Benefit
• New Attorney Discount