Legal firm liability insurance can help cover costs if you find yourself in the unfortunate situation of being accused of causing an injury or damaging property that doesn’t belong to you. It also can help you if someone says your marketing efforts were misleading or slanderous.
General liability insurance’s broad protection can help cover you from expenses related to accidental damage to someone’s property or an injury to someone who is not an employee.
For example, if an elderly client trips on a rug in your office, hits their head and wants you to pay for their ER visit. General liability can help pay for their medical expenses up to your policy limit
Professional liability insurance (also known as errors and omissions) can help cover you for cases where you are accused of making a professional error, whether that’s true or not. For instance, if a client sues you for making a mistake in legal paperwork that led to them losing a significant deal, law firm professional liability insurance will help pay for costs to defend your business.
You may already know that many legal professionals need to hold malpractice insurance, which is a specialized type of professional liability coverage. While they both help cover business owners if they make a professional mistake, not all professional liability insurance is necessarily malpractice insurance.