malpractice insurance
malpractice insurance

Malpractice insurance – Protect your practice

For most lawyers, malpractice insurance coverage is something they need but hope to never use.

But JoAnn L. Hathaway, author of “Legal Malpractice Insurance in One Hour for Lawyers,” thinks lawyers should be well-informed about their coverage needs and protection.

In her book, Hathaway, Michigan State Bar practice management advisor, licensed insurance agent and registered professional liability underwriter, walks through how to choose deductibles, select the right coverage limit, choose an insurance carrier, learn about the claims process and protect your practice.

Although the 134-page manual is of obvious value to solo and small firm lawyers, Hathaway says it’s just as important for attorneys in large firms. Although large firms typically purchase and choose malpractice policy coverage options for the entire entity, coverage needs in a large firm, with its many departments and practice areas, represent a whole host of varying risks.  Accordingly, she says it is imperative that all the firm’s lawyers and staff understand their obligations, risks and coverages under the policy and, if need be, work with the firm to ensure they obtain the coverage they need. 

YourABA caught up with Hathaway to find out more about lawyers’ professional liability (LPL) needs.

What’s the biggest mistake lawyers make in choosing legal malpractice insurance?

One of the biggest mistakes is choosing based upon price alone.  Pricing should be a factor, but trying to compare quotes from various carriers can be a daunting task, at best, and this is where an experienced insurance broker can help.

Among the factors that influence pricing are policy limits, retentions/deductibles, claims history, geographic location as well as others a carrier may view as either elevating or lowering your risk to them as an insured.

Lawyers can and should expect excellent customer service when shopping for

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10 Questions to Ask Before Hiring a Personal Injury Attorney

There are over 19,000 lawyers currently employed in the United States.

Hiring a personal injury attorney is important, but it’s not always easy to find the one who is right for you. You may think that all lawyers are the same and that any will do.

But this isn’t true at all. There are many personal injury lawyers, and they each specialize in different areas of law.

You need to find one who specializes in your case. The best way to do this is to ask some questions and get a feel for the attorney’s experience and knowledge.

If you are wondering what questions to ask before hiring a personal injury lawyer, this simple guide is for you.

1. How Long Have You Been Practicing Law?

Experience is a very important factor when hiring a lawyer. The longer an attorney has been practicing law, the more experience they have.

This means that they will handle your case quicker and more efficiently than someone with less experience.

The best way to find out how long someone has been practicing law is by asking them directly. If you’re looking for an experienced lawyer, check out this attorney today.

2. What Areas of Law Do You Specialize in?

There are many areas of law, but only a few apply to your case.

An attorney who specializes in one area is more likely to be experienced and knowledgeable than someone who practices law in all areas. If you’re looking for a lawyer, ask them what areas of law they specialize in.

The more specific their answer is, the better. If they say things like “I handle all cases,” then chances are good that they don’t have experience in your area of ​​law.

3. Have you handled cases similar to mine before?

An experienced lawyer

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