Practicing law is an important profession, but with it comes a certain degree of risk. From malpractice claims to cybersecurity threats, having lawyer insurance can help protect the financial well-being of you and your firm, as well as your valued clients. Our team at Capital Insurance Brokers understands the need for proper insurance coverage, and we can tailor the perfect policy based on your firm’s unique needs. As local independent insurance brokers in Edmonton, we offer competitive insurance rates to lawyers and law firms.
What Is Lawyer Insurance?
Lawyer insurance includes a variety of coverage options to ensure lawyers and their businesses are adequately protected.
Practicing law involves many risks, some that are common and some that can be devastating.
In addition to common business risks, such as injuries and property damage, law firms also face unique risks – even if they do excellent legal work and follow the law to the letter.
Overall, no lawyer is immune to risks.
Having the right lawyer insurance can help lawyers and law firms avoid the financial stress of legal expenses and settlements and ensure that their clients are well-served and protected.
What Does Lawyer Insurance Cover?
The exact lawyer insurance coverage you and your firm requires depends on your unique needs and situation.
However, here are some common policies and what they cover:
- Business Owner’s Insurance: Business owner’s insurance covers various aspects of running a business, such as general liability insurance, commercial property insurance, and business interruption insurance.
- Professional Liability Insurance: Also known as legal malpractice insurance, this form of coverage protects against claims that result from mistakes, such as professional negligence and malpractice.
- Cybersecurity Insurance: Because lawyers store sensitive client data on computers, it’s important to secure this information and protect it from the financial implications of data recovery and liability.
Who Needs Lawyer Insurance?
Our lawyer insurance coverage is designed to help cover:
- Lawyers and Law Offices
- Legal Aid Services
- Counselors at Law
To manage risks when it comes to your law practice or firm, here are some common claims you should take into consideration:
- Confidentiality Breaches
- Personal, employee, or client injury/illness
- Damage to equipment
Capital Insurance Brokers Has You Covered!
With Capital Insurance’s protection, you can focus on your law business without the worry of personal and public liability.
Our team can offer you personalized insurance coverage to protect you and your business from financial loss.