Legal malpractice occurs when a lawyer negligently or intentionally fails to properly represent the interests of their client. Lawyers can commit legal malpractice by failing to file a lawsuit before the statute of limitations, by missing an important court filing, or by working the case in a negligent manner. The law requires attorneys to adhere strictly to ethical standards within the practice of law, a departure from these standards can indicate the attorney has committed legal malpractice. Many legal cases have such high stakes and involve such large sums of money that carrying legal malpractice insurance is absolutely necessary. When clients lose cases that cost millions they will seek to regain lost capital by suing their attorney for malpractice.
Yes, if you plan to practice law you need legal malpractice coverage. According to the American Bar Association, four out of every five lawyers will face a malpractice claim at some point during their employment.
With the large number of carriers and products to choose from, finding the appropriate legal malpractice policy on your own can be a laborious task. One way to take this burden off your shoulders is to have an experienced insurance agency to help you navigate your insurance options.
Here are a few questions we would need to get the process started:
With this information, we will begin looking at the programs available in your state and see which policy will fit your firm's needs the best.
Absolutely! Your practice will likely evolve over time, and the legal malpractice marketplace will be able to respond accordingly. Insurers continue to put together new programs that will protect your evolving risk while offering premium credits and benefits. In most claims made policy scenarios, the new insurer will take on the prior policy retroactive date to make sure you are not left with a gap in coverage.
We are happy you asked! All you have to do is reach out to one of our Malpractice Specialists to complete the initial application. We promise to make this process as simple as possible for you.
Resolute Insurance Group LLC
124 West Capitol Ave, Suite 1886, Little Rock, AR 72201
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