New lawyers face many challenges when they first enter practice. If you are starting a sole practice, you likely need to hire staff, invest in research tools, and by employed lawyers professional liability insurance coverage. By working with a skilled insurance provider, you can likely get the right coverage for your new firm.
Choose a Basic Package
Whether it is to comply with rules of professional conduct or simply for peace of mind, virtually all new lawyers need a basic level of insurance protection. When you are ready to purchase your first package, you might consider opting for the following coverage:
- Errors and Omissions Protection
- General Professional Liability Coverage
- Client Information Security Insurance
After you have settled on a basic plan, you might consider upgrading your insurance protection to manage risks associated with starting a new law practice. Specifically, you might focus on the following business insurance needs to give you top-notch protection:
- Property Insurance
- Workers Compensation
- Automobile Insurance
If you are unsure what risks you might face, you might consider working with an insurance provider who has extensive experience in the legal sector. By working with one insurance agent, you can likely combine all your insurance needs into one policy. Those new to the practice of law appreciate the peace of mind of comprehensive employed lawyers professional liability insurance.