No lawyer likes to mention this or even think about it, but there may be a point in your legal career when a client sues you and claims legal malpractice. Whether this is due to an accidental error on your part or is simply because of a client’s dissatisfaction, this kind of claim can take a lot of resources and valuable time, as stated by Daniels. To mitigate this risk to your practice, you need legal malpractice insurance.
Common Reasons To Have Insurance
In some states, this insurance is required for law practice to be in business. Be sure to check your state’s regulations regarding this. However, even if it is not required, it is a good idea to have malpractice insurance as it can protect your business and help you seem more reputable. To give you a better idea of what this type of claim looks like, here are some common examples of malpractice claims:
- A client feeling like he wasn’t represented fairly in a family dispute
- A conflict of interest
- A breach in attorney-client privilege
- A client’s case being dismissed due to errors or omissions
Be Proactive in Protecting Your Law Practice
If you want to make sure your law practice is protected against claims of malpractice, you need legal malpractice insurance. Don’t wait until it’s too late to get this insurance. Protect your practice in advance so you can be ready.