Selecting legal malpractice insurance can be a daunting undertaking. Due to lack of understanding, lawyers often find themselves without adequate coverage when a claim occurs. This “too little too late” scenario could have been avoided if they had purchased coverage knowing some basic insurance concepts.
In addition, many policies provide coverage outside the realm of legal malpractice coverage...
The need for legal malpractice insurance isn't going away. Unlike some other professions, plaintiffs in legal malpractice actions need only a filing fee and the ability to get their complaint filed; the complaint does not necessarily need to have merit. Having an insurance policy in place to provide and pay for experienced defense counsel and, if need be, an indemnity payment, can provide the