Insurance/Other

Apart from the efficient financial management of a law firm, it is important for a law firm to maintain insurance coverage to protect the firm from unexpected monetary loss or liability.    

Several insurance companies offer comprehensive insurance packages to law firms.  Listed below are areas that could be covered:

  • Valuable Papers and Records Coverage
  • Accounts Receivable Coverage
  • Equipment Breakdown Coverage
  • Business Interruption Coverage
  • Personal and Advertising Injury Coverage
  • Employee Dishonesty Coverage
  • Employment Related Practices Coverage
  • Business Property Coverage
  • Professional Liability or Malpractice Coverage
  • Business Auto Coverage
  • Business Umbrella Coverage
  • Business Crime Coverage
  • Workers Compensation
  • Computer Coverage

The most commonly used attorney insurance is  professional liability or malpractice insurance which protects against financial loss from lawsuits filed by clients against law firms or attorneys.  Also commonly used is premises or office space  coverage which covers commercial general liability, office contents, computer equipment, software, data, client files and law library.  Workers compensation is important for any firm with one or more employees.  Other insurance plans frequently used inclue employee benefits plans such as health and dental insurance plans, life, disability or other voluntary benefit plans.


Inside Insurance/Other