Attorney Errors & Omissions Insurance
Legal Liability Insurance – also known as Attorney Errors & Omissions Insurance provides necessary insurance coverage for negligence claims made against a lawyer.
Most Legal Liability Insurance policies are written on a “Claims Made” basis; meaning that as your trusted insurance agency, we have agreed to cover claims that are made against you, as a lawyer, during the term of your Attorneys Errors & Omissions policy.
Errors & Omissions policies, for attorneys, typically limit the amount that the insurance company can be required to pay, on each claim, as well as the total amount that the insurance company can be required to pay on all claims made against the lawyer during the term of your policy. The maximum amount of coverage provided by Legal Liability coverage is referred to as the "limits" of the policy.
How do I know if I need Attorney-specific Errors & Omissions coverage?
Well, with a career that greatly depends upon your reputation and integrity—are you willing to allow your professional livelihood to remain at risk? What makes Errors & Omissions so crucial is the simple fact that it protects individual lawyers against financial ruin in the event of an unfavorable legal malpractice judgment. Lawyers are personally accountable for their mistakes—professional corporations and limited liability partnerships do not protect you in the event of a malpractice suit.
As a lawyer practicing in Washington, the decision is an easy one—if you need Attorney Errors & Omissions Insurance then you need Rice Insurance!
At Rice Insurance we take the time to accurately evaluate your liability needs. There is no one-policy-fits-all formula here; we work with you directly to determine the most appropriate coverage limits for your legal practice.
Contact Rice Insurance right now and let us help you begin to better protect your reputation and livelihood today!