While legal insurance and professional liability for law firm policies may come at an added cost, they’re a necessary component of practicing law.

Nicholas Lieberknecht of Atheria Law discusses lawyers' professional duties and best practices in using AI, as well as the ...

Not having professional liability insurance can put consultants at serious financial and legal risk. Attorney fees : If a client sues for mistakes or negligence, the consultant needs to hire a ...

Professional liability insurance helps pay for costs stemming from client claims of financial harm. Professional liability coverage is essential for advisors like lawyers, accountants, and ...

General liability insurance covers injuries and property damage you do to others. Professional liability covers mistakes you made, such as bad advice.

Professional liability insurance Otherwise known as errors and omissions insurance, it covers legal defense fees when a professional is sued by a client or patient, and settlement costs if they ...

Maryland does not require lawyers to carry professional liability insurance. Oregon, West Virginia, Nebraska, and Rhode Island have forms of mandatory insurance. Many others, such as Delaware and ...

In Law Office of Drew J. Bauman v. Hanover Insurance Company, 2023 WL 2238552 (D.N.J. February 27, 2023), the plaintiffs maintained a professional liability insurance policy with the Hanover ...

Type of Professional Liability Insurance Policy There are two types of professional liability insurance policies—an “occurrence-based” policy and a “claims-made” policy.

Professional liability insurance providers that cater to ... In the event of an adverse ruling in jurisdictions where the losing party pays the winner’s legal fees, insurance coverage can be ...

Any business that has employees, contractors, agents, partners and volunteers is at risk for vicarious liability lawsuits. For example, let’s say you own a contracting business and one of your ...