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California Liability Insurance for Lawyers

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Published on: January 21, 2014

Professionals MeetingLawyers work closely with their clients, gathering very personal details with which they build cases upon in preparation for trials. This puts lawyers and law firms at a unique risk for loss or corruption of sensitive information and legal records. Errors and omissions insurance (E&O), also known as legal liability insurance, is designed to protect legal professionals from this risk and from litigation associated with data loss, negligence or failure to produce results due to negligence.

Some risks that lawyers may be liable for include:

  • Identity theft of clients
  • Misplaced legal documents
  • Loss or corruption of files due to hacking
  • Forensic and crisis management expenses after a loss
  • Failure to perform a job properly

Though these instances do not frequently occur, they do happen and they can add up to be extremely costly. E&O insurance is not required by law (though lawyers must inform clients if they carry this type of policy or not), but law firms would be wise to consider this specialized coverage for the specialized risks they face. Lawyers can best serve the public when they themselves are protected from charges of negligence or some other form of error that affected a client.

Without E&O insurance, a law firm may face financial ruin and a tarnished reputation in the event of an unfavorable legal malpractice judgment. The expenses incurred after just one incident could skyrocket well into the hundreds of thousands of dollar, possibly closing the doors of a law firm for good.

Lawyers are all too familiar with liability situations and should take steps to protect themselves from such cases as well. Policies range in price and coverage, and are offered to both law firms and individual lawyers. Contact your independent agent to learn more about E&O options to protect your livelihood and reputation from your unique workplace risks.

Do you want to learn more about protecting your law firm? Call us at 888-512-8878 for a quote on California liability insurance for lawyers.

The Possibilities of Claims are Endless

All professionals, no matter what field, must understand that the possibilities of lawsuits and and claims are endless. This is especially true for those who are lawyers. Sure, you may be the one defending another due to a mistake he or she may have made, but that does not mean you are perfect! Yes, even lawyers face lawsuits of their own.

What are the most common causes of lawsuits? Here are just a few:

  • The majority of claims made are due to general mistakes, administrative errors, etc.
  • A client may claim that their lawyer has improperly abandoned a representation.
  • A client may feel as if the lawyer failed to address the client’s needs.
  • Breach of fiduciary duty due to conflict of interest.
  • Claims related to representation in the settlement content.
  • Claims brought in response to fee suits.
  • A small percentage of claims may even be brought from non-clients.

To prepare for the worst case scenario, it is best to consider purchasing the right coverage. Lawyers and professional liability insurance are great choices. For more information, contact our agency. We take pride in specializing in this unique coverage! Together, we can figure out what policies would benefit your practice.


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