Professional Liability Insurance
At Kouwenhoven & Associates Inc., we understand the unique challenges and risks that law firms face. Fortunately, we also understand the many ways that professional liability insurance works to protect you.
Whether you hear it referred to as errors and omissions insurance, lawyer malpractice insurance, legal liability insurance, or professional liability insurance, lawyers rely on this vital form of insurance coverage to cover claims against their firm.
As an independent insurance agency, we can scour the market to gather quotes from a wide range of carriers. Based on your individual needs, we will then connect you with the policies that will best protect your practice from claims of negligence, malpractice, and other professional errors.
After more than 30 years specializing in professional legal liability insurance, we have the resources and experience to offer tailored solutions based on your needs. As a result, you can focus on your clients.
Why Professional Liability Insurance Is Essential
As an attorney, you have a keen understanding of the ways that business owners may be held legally responsible for their customers. You also know that attorneys are held to the same, if not a higher, standard.
Professional liability insurance covers your firm against the claims and lawsuits that could bring a permanent end to your business.
Professional liability insurance (which is also known as Errors and Omissions insurance), exists to protect your law firm from claims of negligence, mistakes, or failure to maintain a professional service. In the legal industry even small errors or perceived failures can result in expensive lawsuits that may threaten your firm’s pockets and reputation.
This type of coverage helps pay for your own legal defense, settlements, or court-ordered judgments if a client alleges that your professional services caused them financial issues. Whether it’s a missed deadline, breach of contract, or an oversight in strategy, professional liability insurance ensures you’re protected against these claims.
For law firms, professional liability coverage is not just important, it’s essential.
1. Protect Your Reputation
Safeguard your firm’s reputation against claims that can damage your credibility and erode client trust.
2. Financial Security
Cover the costs of legal fees, settlements, and judgments that may arise from professional liability claims.
3. Client Confidence
Demonstrate your commitment to professionalism and responsibility, reinforcing client confidence in your services.
Comprehensive Coverage for Your Practice
The risks that threaten your business aren’t limited to one or two categories. Therefore, it takes many types of professional liability insurance to provide you with adequate coverage.
Our Professional Liability Insurance for attorneys covers:
- Claims of Negligence
- Errors & Omissions (E&O)
- Malpractice
Whether your firm is a handful of attorneys or a large organization with hundreds of lawyers, our insurance solutions are customized to meet your specific needs. We offer flexible policies that can scale with your practice, ensuring you always have the right level of protection.
What’s Covered By Professional Liability Insurance?
When you take a client’s case, they’re literally putting their life in your hands. If things don’t go according to their expectations, you might find yourself on the wrong end of a lawsuit.
Unfortunately, there are many ways that things can go wrong:
- Miscommunication
- Clerical errors
- Mistakes
- Missed deadlines
- Breach of confidentiality
- Conflict of interest
- Case neglect
- Breach of fiduciary duty
- And more
As you well know, you don’t have to be guilty of these offenses to be hit with a lawsuit. But with the right insurance, you don’t have to pay for your legal costs.
The Kouwenhoven Advantage
At Kouwenhoven & Associates Inc., legal professional liability insurance is our area of expertise, and we’re proud to offer tailored solutions to your law firm.
Expertise in Professional Legal Liability
We specialize in professional liability coverage for one type of business: law firms. Our deep understanding of the legal industry’s risks allows us to provide specialized guidance and support.
Wide Range of Carriers
As an independent agency, we work with multiple insurance companies to find the best coverage options for you.
Personalized Service
Our dedicated team is with you every step of the way, ensuring a seamless and stress-free experience.
Frequently Asked Questions About Professional Liability Insurance
What does professional liability insurance cover for law firms?
Professional liability insurance covers claims that your law firm made a mistake, was negligent, or failed to deliver professional services as expected. It can help pay for legal defense costs, settlements, or judgments if a client alleges financial harm from your services.
Is professional liability insurance the same as errors and omissions (E&O) insurance?
Yes, professional liability insurance is often called errors and omissions (E&O) insurance. Both terms refer to the same type of coverage designed to protect professionals — including attorneys — from claims of negligence, errors, or omissions in their work.
Do attorneys really need professional liability insurance?
Absolutely. Even the most experienced attorneys can face legal malpractice claims. Professional liability insurance helps protect your firm’s finances and reputation by covering costly defense fees and potential damages if a client sues over your professional services.
How much professional liability coverage does my law firm need?
Coverage needs vary based on your firm’s size, practice areas, and risk exposure. High-risk specialties may need more coverage. Our team can help you assess your specific needs and recommend appropriate policy limits to ensure your firm is fully protected.
Does professional liability insurance cover intentional wrongdoing or fraud?
No, professional liability insurance does not cover intentional acts of wrongdoing, fraud, or criminal behavior. Coverage is designed for mistakes, oversights, or unintentional errors made while providing professional services.
