Claims Made vs Occurrence Policies: Which One Is Best?
When shopping for insurance, you’ll come across two key policy types: claims-made and occurrence. These terms describe how and when coverage is triggered—and the difference matters more than most people realize. For professional liability insurance, including legal malpractice coverage, nearly all policies today are claims-made. In fact, it’s exceedingly rare to find an occurrence-based legal […]
Professional Liability Insurance vs General Liability: What You Need to Know
As an attorney, you already understand the importance of managing risk. But when it comes to insurance, knowing the difference between general liability and professional liability coverage isn’t just a technicality—it’s the key to making sure your practice is actually protected. Many firms assume that their general liability or business owner’s policy has them fully […]
Is a Breach of Confidentiality Covered By Insurance?
Law firms run on trust. Clients count on their attorneys to keep sensitive information—such as contracts, trade secrets, or personal details—completely confidential. But even in a well-run practice, a small oversight can lead to a breach of confidentiality with serious consequences. Most lawyers understand their ethical duties, but not everyone realizes how easily a breach […]
3 Steps to Protect Your Law Firm from Social Engineering Scams
Cybercrime is a constant threat for anyone using the internet. Cybercriminals often use social engineering scams to trick people into giving up sensitive information or skipping security steps. As a law firm, you handle confidential client data, personal information, confidential information, and large financial transactions, making the risks even higher. You need to protect your […]
When Can You Be Sued for Legal Malpractice?
Legal malpractice is one of the most serious risks attorneys and law firms face. Attorneys are very familiar with lawsuits; however, they’re not always comfortable with being on the receiving end. Facing a legal malpractice claim is not only disheartening, it can have serious consequences on your law firm, affecting financial stability as well as […]
What Does Cyber Insurance Cover?
In today’s ever-evolving digital world, cyber security threats are unfortunately very common. Law firms are big targets because they hold private client information that is stored online. Even a single cyber attack may lead to financial loss, legal trouble, and a damaged reputation. That’s where cyber insurance comes in as the safety net and helps […]
What Is Legal Malpractice?
Legal malpractice is when an attorney’s actions, or lack thereof, fall below the acceptable standard of professional care in the legal profession and ultimately result in harm to their client. It’s a serious issue that may lead to financial losses, reputation destruction, and professional sanctions for attorneys and law firms. Understanding the causes, consequences, and […]
Why Do Law Firms Need Professional Indemnity Insurance?
As a legal professional, you understand the responsibility that comes with advising clients and managing complex cases. Yet even the most diligent attorneys are not immune to mistakes or misunderstandings. A missed deadline, an oversight in a contract, or a perceived lapse in fiduciary duty can quickly escalate into a claim that challenges your firm’s […]
