Lawyers' Professional Liability Coverage helps protect law firms from costly legal malpractice lawsuits. Boston law firms that do not carry this coverage leave themselves open to a host of lawsuit possibilities, the most common being:
- Legal 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.
In some cases, a law firm may be named as a defendant in a shareholder lawsuit for work they did for that client.
Lawyers' Professional Liability Insurance protects firms in the event they are successfully sued by actions of current firm attorneys; current employees such as paralegals and investigators; former employees and, in some cases the actions of current employees at a previous firm.