Why your firm needs malpractice insurance
Abstract: Because the cost of fighting a malpractice claim is generally higher than the cost of malpractice insurance premiums, many law firms buy coverage. Unfortunately, firms also typically set their policies aside to gather dust. This can spell financial disaster when a claim arises and coverage is inadequate. So it’s critical not only to buy the right policy but also to periodically update it. This article looks at two types of malpractice insurance policies and how to choose the best provider.