Why do Legal Services professionals need it?
As someone who works in the legal services community, you know better than most how litigious the business world can be. As the world gets more complex, so do the demands of your clients. That’s why business insurance that is reliable and customized to your profession has never been more important. BizInsure is where legal services professionals go to get dependable and affordable business insurance tailored to exactly what they do. Click or Call us to compare quotes from top insurance companies today.
Did you Know?
Bizinsure offers General Liability coverage for most legal services professionals
Professional Liability Insurance (aka E&O insurance) – Legal Services
As a legal services professional, you are regarded as an expert at what you do. Thus, your clients demand a high degree of professionalism and accuracy in the services that you provide. However, mistakes and misunderstandings can always happen and when they do, people often look for someone to blame.
Professional Liability protects against allegations of negligence, errors, omissions, professional mistakes and other common risks specific to the services that you provide. It is an essential business insurance coverage for legal services professionals.
Sometimes referred to as Malpractice or Errors & Omissions insurance, Professional Liability is triggered when someone alleges that your service caused them financial harm. The policy can help pay costs related to your defense and other related damages. A Professional Liability policy is commonly required by contract.
General Liability – Legal Services
A General Liability insurance policy is the most basic form of business insurance. It can help cover allegations of bodily injury or property damage that may happen inside or outside of your office or place of work. General Liability also protects against advertising injury and personal injury claims related to your business. These can include allegations of false advertising, libel, slander, defamation and more.
Individuals and businesses that are renting office space are often required by a landlord to have a General Liability policy in place. Additionally, your clients or other vendors may require proof of General Liability insurance before you can begin work on their premises.
Business Owner’s Policy (BOP) – Legal Services
If you want to also insure your business property, you will want to purchase a Business Owner’s Policy (BOP). A BOP is a convenient and inexpensive way to protect against several of the more common exposures that businesses operating out of an office or home may encounter.
A BOP includes everything that a General Liability policy offers (see above), while also providing options to cover your business property, business interruption, non-owned business auto liability, and more. BOPs protect physical and virtual assets and cover the actions of your employees and independent contractors.