LAWYERS' PROFESSIONAL LIABILITY APPLICATION Form

Instructions and help about LAWYERS' PROFESSIONAL LIABILITY APPLICATION

you're just starting your legal career one of the most important considerations is protecting your practice and your reputation which is why purchasing legal malpractice insurance is so important it's too expensive if i get sued i'll just declare bankruptcy having it just invites claims i'll just self-insure and save my premiums here's the reality four to five percent of practicing lawyers will face a malpractice allegation each year claims take six to twenty four months to resolve and defense cost alone can quickly break the one hundred 000 mark your annual insurance premium should be a part of the overall cost of running your business if you don't have it when a claim hits the impact on your pocketbook and your reputation can be much worse it's tempting to wait until it's more financially feasible to purchase insurance but it's best to buy a policy as soon as you can you can never go back and buy coverage for work done in the past malpractice insurance is a claims-made policy not an