• Latest
  • Trending
  • All
  • News

Legal Malpractice Insurance – Quick Overview

December 17, 2017
Practical Car Interior Gadgets to Upgrade Your Ride

What You Should and Should Not Do When Purchasing a Used Car

May 31, 2023
How to Make Your Car Last Longer: The Ultimate Guide

The Benefits of Working With a Financing Professional for Your Next Vehicle Purchase

May 7, 2023
A Checklist for Handling a Car Breakdown On a Long Drive

A Checklist for Handling a Car Breakdown On a Long Drive

May 4, 2023
Navigating City Centre Restrictions

The Cost of Sports Car Rentals – Is It Worth It?

March 1, 2023
How to Choose the Most Appropriate Boat Trailer for You

How to Choose the Most Appropriate Boat Trailer for You

January 21, 2023
What Is Mileage Log Template and Its Usage?

What Is Mileage Log Template and Its Usage?

December 18, 2022
How to Make Your Car Last Longer: The Ultimate Guide

Requirements For Driver’s Application For Employment

December 11, 2022
Navigating City Centre Restrictions

Navigating City Centre Restrictions

November 28, 2022
4 Reasons Why It’s Time to Get Professional Hail Damage Car Repair

A Guide to Car Hail Damage Repair – DIY Vs. Auto Body Shops

October 6, 2022
Most Common Marine Engine Room Repairs

Most Common Marine Engine Room Repairs

August 4, 2022
3 Major Benefits of Shipping Your Car

3 Major Benefits of Shipping Your Car

July 26, 2022
How to Find a Leak in Car Tires

When Is The Best Time to Buy New Tires and Why?

July 23, 2022
  • Guest Posts
  • Advertise
  • Contact
  • Privacy Policy
Sunday, June 4, 2023
  • Login
Tech Featured - Automotive
  • Home
  • Gadgets
  • Automotive News
  • Interesting Topics
No Result
View All Result
Tech Featured - Automotive
No Result
View All Result
Home News

Legal Malpractice Insurance – Quick Overview

December 17, 2017
in News
0
76
SHARES
216
VIEWS
Share on FacebookShare on Twitter

With the customer’s exposure and awareness towards legal malpractice, many legal professional have to face lawsuits frequently. If we look at the statistics, every four to five law professional out of hundred have to face a lawsuit in a year. For law firms, which typically employ more than 20 lawyers, are likely to face at least one lawsuit every year. Well, the figure is pretty impressive to make one realize that one must have a Legal Malpractice Insurance for good risk coverage in this profession. Let us have a quick look at the various aspects of it.

How does this insurance protect a legal practitioner?

When a legal practitioner defends himself against a lawsuit, he not only loses money but also valuable time. The average figure may vary from 250 to 300 hours per case that can be billed. This insurance protects a lawyer for each lawsuit he has to face.

Is it like other type of insurance?

The difference between a regular insurance and this insurance is that a regular insurance gives coverage in case a certain event like hospitalization or accident occurs while this insurance covers a lawyer only for a lawsuit against him within a policy period. So, that means this insurance company may overlook the case history except for policy duration.

What is the cost of buying a policy?

The cost of a policy is directly influenced by the degree of risk involved in your profession. For example, if you are into banking or real estate, the cost may be quite higher than a regular cost of a policy. But, in my view, you should focus more on the fact that how policy covers your areas of operations.

How do I get one policy?

There are many insurance players available in the market that offers such insurance. Ideally, there are two ways to approach these companies. First, you can find a broker; second, every company has its Managing General Agent (MGA). You can search for an MGA online as well.

Tags: InsuranceLegalMalpracticeOverviewQuick
Share30Tweet19Share8
  • Trending
  • Comments
  • Latest

Buying a Gazebo – How to Install a Gazebo on Grass

June 8, 2017

Water Powered Cars – The Benefits and Disadvantages

November 9, 2016

John Christie Electric Generator – Generates 24 Kilowatts Of Free Electricity

November 21, 2016
Practical Car Interior Gadgets to Upgrade Your Ride

What You Should and Should Not Do When Purchasing a Used Car

0

Automotive Fasteners – A Number of Items Included on the List

0

Drag Racing – The Perfect Launch

0
Practical Car Interior Gadgets to Upgrade Your Ride

What You Should and Should Not Do When Purchasing a Used Car

May 31, 2023
How to Make Your Car Last Longer: The Ultimate Guide

The Benefits of Working With a Financing Professional for Your Next Vehicle Purchase

May 7, 2023
A Checklist for Handling a Car Breakdown On a Long Drive

A Checklist for Handling a Car Breakdown On a Long Drive

May 4, 2023
Tech Featured - Automotive

Navigate Site

  • Guest Posts
  • Advertise
  • Contact
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Gadgets
  • Automotive News
  • Interesting Topics

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In