Purchasing legal malpractice insurance does not have to be intimidating. Whether you are newly licensed or whether you have been practicing for a while, having legal malpractice insurance is essential.

The main thing to take away from this article is that because of the unique aspects of professional liability insurance that are distinct from insurance like auto or homeowners, it is important to obtain coverage from your first day of practice and then continuously maintain it without gaps throughout your entire practice. Waiting until you think you can “afford” it will actually cost you more in the long run and will put your personal assets at risk. Having insurance in place at all times protects you, your firm and your clients. This article discusses the following:

• Why it is important to Acquire legal malpractice insurance.

• Being insured from day one is important.

• How much does it Cost?

• Determine how much you need.

• What does a policy typically Encompass?

• Other Factors to consider.

• What steps to I take to Get insured?

• Helpful checklist for How to Purchase Legal Malpractice Insurance

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