What is Legal Malpractice Insurance?
Clients hire attorneys for their legal expertise, and attorneys are expected to apply this expertise correctly to clients’ situations. Should an attorney make an error in their work that negatively impacts one of their clients, they might be held liable for any resulting damages or costs. Legal malpractice insurance policies help protect Massachusetts attorneys from certain covered risks that are related to errors they might make while working.
Legal malpractice insurance is a specialized type of professional liability insurance that’s specifically intended for attorneys and their firms. Because this is such a specialized coverage, attorneys should consult a knowledgeable insurance agent when looking for a policy. Someone who’s familiar with the nuances of these policies will be able to make sure that a chosen one adequately meets an attorney’s risk mitigation needs.
Who in Massachusetts Needs an Attorney Policy?
Most attorneys and law firms in Massachusetts ought to carry an attorney policy. Not having a policy in place leaves a firm exposed to risk, and this is generally the most appropriate form of professional liability coverage for attorneys.