Insurance for law firms
A law firm sells judgment, and its biggest risk is a claim that it got something wrong. Protecting the firm starts with professional liability, and it extends to the data and the money passing through your office.
What to watch for
Claims-made coverage. Lawyers’ professional liability is usually written on a claims-made basis, so timing and continuity matter when you change carriers or close a firm.
Client data and funds
Client files and wire instructions make a firm a target for cyber and payment fraud.
Staff and contractors
How you classify paralegals, contract attorneys and assistants affects workers’ compensation and employment coverage.
Outside advice
Staying inside your own license is a risk practice. The same rule applies to the advisors around you.
Coverage for this business
Every business is placed a little differently. These are the policies we talk through most often, and a conversation with Kristi will tell you which ones your business actually needs.
Lawyers' professional liability
Claims that the firm’s work caused a client financial loss.
Cyber liability
Data breach response, and in many policies, funds-transfer fraud.
Employment practices liability
Claims from current, former or prospective employees.
General liability or business owners policy
Office premises, visitors and property.
Workers' compensation
Not required in Texas, but you are still liable for employee injuries. Workers’ comp moves that risk to a carrier.
Umbrella
Higher limits above the underlying policies.
Questions we hear
The short versions of conversations Kristi has with business owners every week.
What is claims-made coverage?
The policy responds to claims first made while the policy is in force, so ongoing coverage and the right retroactive date matter.
Does a small firm need cyber coverage?
If you hold client data or move client money, yes. Small firms are as exposed as large ones.
Who should review my engagement letters?
Your own attorney or your malpractice carrier’s risk resources. Your agent’s job is to make sure the coverage fits the way you actually practice.
Ready to have someone in your corner?
Book a free consultation. We’ll walk through your business, identify the gaps, and build a strategy that actually fits.