LEGAL MALPRACTICE INSURANCE IMMIGRATION LAWYERS

Legal Malpractice Insurance Immigration Lawyers, Attorney Liability Insurance Immigration Lawyers: aggressive comparison shopping to find you the broadest coverage at the best price. ‘A+’ insurers. Free quotes. 1-page app: download below or apply on-line.


We’re Lawyers Insurance Group, legal malpractice insurance brokers.

Our mission is to obtain the broadest coverage at the best price for every law firm.

We accomplish this by scouring the market on firms’ behalf, leveraging our access to dozens of “A”-rated legal malpractice insurers.

We also provide attentive service, expert advice, strong coverage advocacy if you incur a claim, and a low-APR monthly payment plan, if desired.

We even help firms that have had their coverage non-renewed, require limits >$5 million, have offices outside of the US, or other unusual circumstances.

Fill out our Immigration law on-line application to receive no-cost, no-obligation quotes.

We’ll send your application to all viable insurers, based on your firm’s risk profile,  contact you when we receive their quotes, and answer all of your questions.

It’s a low-key process, without any sales calls or pressure.

Ia. Legal Malpractice Insurance Immigration Lawyers – How We Serve You

Does your firm have the best possible terms on its malpractice insurance, i.e., the broadest coverage at the lowest price?

Maybe.

Or maybe not: perhaps it could obtain the same coverage and limits for a much lower price, or broader coverage and higher limits for the same price.

The only way to find out is to test the market.

That’s where we come in. We scour the legal malpractice insurance market, to find the broadest coverage at the best price for every firm, leveraging our relationship with CNA, Travelers, and other ‘A’-rated insurers. 

We submit each firm’s application to all viable insurers, based on its risk profile – typically 8 – 12 – and obtain proposals at the firm’s current terms, and at policy limits one or more levels higher. If the best proposals are close, we solicit another round of proposals from the ‘finalists’.

This aggressive comparison shopping lets us consistently obtain much better coverage and pricing for firms than they currently have.

Keep in mind that more than a dozen major insurers cover Immigration Law firms, and they compete fiercely for good risks. If your firm hasn’t incurred a claim in five or more years, and hasn’t shopped for competing quotes in two or more years, then one or more of those insurers will likely offer it much better terms than it currently has.

CNA, Attorney Protective, and Zurich usually offer the best terms to Immigration Law firms. 

To obtain no-cost, no-obligation quotes from these and other ‘A’-rated legal malpractice insurers, send us your most recent application, or complete our short application, either online or by downloading it.

We’ll help you compare the competing quotes to your current terms, and make the best decision.

There’s no risk, and a potentially great reward.

Ib. Legal Malpractice Insurance Immigration Lawyers – What You Need to Know

Immigration law is considered to be ‘low-risk’ for malpractice claims, so the major legal malpractice insurers – CNA, Travelers, Hartford, etc. – generally compete aggressively for Immigration law firm accounts.

In fact, in most states, more than a dozen “A”-rate insurers offer coverage to Immigration law firms.

The policy limits you choose are a key determinant of the premium. They’re expressed as “per claim / all claims incurred during the policy year”, i.e., limits of $100,000/$300,000, which are the minimum that insurers offer, mean that the insurer will pay a maximum of $100,000 for any claim that the firm incurs and reports during the policy period, which is one year, and a maximum of $300,000 for all claims that it incurs and reports during the policy period.

The next level of limits is $250,000/$250,000, which increase the premium by about 30%, followed by $250,000/$500,000, $500,000/$500,000, $1 million/$1 million, $1 million/$2 million, etc., each of which costs about 10% – 20% more than the next lowest limits.

The policy covers legal fees and other defense costs, and any judgment or settlement paid to the plaintiff. However, as legal fees are paid, they’re deducted from the per claim limit, leaving that much less to pay any judgment or settlement. If the limit is used up before the claim is resolved, then the firm has to pay any additional sums out-of-pocket.

The cost to defend a legal mal. claim against an Immigration law atty., is generally about $50,000 through the filing of an MSJ, and at least $100,000 through trial, if necessary, so we encourage firms to carry a per-claim limit of at least $250,000 per attorney, to allow for a defense through trial and an award to the plaintiff. However, some attorneys prefer t0 carry a minimum limits policy of $100,000/$300,000, at least in the first year, as they build their practice.

Here’s the typical annual premium for a sole practitioner buying his/her first policy, at various policy limits: 

   Policy Limit                          Deductible      Annual Premium (+ or – 10%)              

$100,000/$300,000                  $2,500             $550              
$250,000/$250,000                  $2,500             $750          
$500,000/$500,000                  $2,500             $850          
$1,000,000/$1,000,000            $2,500             $1,100           

Notes:
*Limits of 2,000,000/$2,000,000 are the highest the insurers will offer a solo, although few Immigration lawyers need such a high limit. For larger firms, the insurers will offer limits up to $5,000,000/$5,000,000, and we can obtain higher limits in the excess insurance market.

*A $1,000 per claim deductible is lowest the insurers will offer a solo. The highest is $10,000. The other options are $2,500 and $5,000. Each higher level above $1,000 reduces the premium at by about 6%.

*A 2-atty. Immigration law firm will pay about 70% more than a solo at each of the policy limits shown above, i.e., about $1,800 for a $1M/$1M limit. A 3-atty. firm will pay about $2,500 for a $1M/$1M limit.

*The premiums above are for a policy with no prior acts coverage, i.e., no coverage for legal services that you provided before the inception date of your policy. Each year that you renew, the renewal policy will have an additional year of prior acts coverage, back to the inception date of your first policy. Because of this, the premium rises about 20% in each of the first four years that renew your coverage, i.e., years 2 – 5. Thus, your premium will roughly double over that time from the premiums shown above, independent of any other factors that affect it. However, prior acts coverage is essential, because most legal malpractice claims aren’t filed until 1 – 4 years after the underlying error or omission was made. Further, if your coverage lapses even for one day, you lose all of your prior acts coverage, so it’s imperative that you renew every year.

*You can finance the premium: 20% down, and the balance payable in nine monthly installments. Finance charges will apply.

*The AILA program is a good program, but we frequently receive applications from attorneys who are in it, and are almost always able to find them materially better terms with another insurer.

To get the best terms, make sure that your broker solicits quotes for you from at least six insurers. Maximizing competition for your account is the key to obtaining the best terms.

II. Legal Malpractice Insurance Immigration Lawyers – Optimize Your Coverage

Here’s an example of our approach:

A 6-lawyer Immigration Law firm contacted us to obtain competing quotes, after its malpractice insurer offered it a renewal quote of $10,326. The firm’s current premium was $9,417, for policy limits of $500,000 per claim/$500,000 for all claims, a deductible of $5,000 per claim, and prior acts coverage gong back six years.

We sent its application to 12 “A”-rated insurers; nine offered quotes. The best quote was $7,668 for the same terms as the current policy. We had also solicited quotes at higher policy limits, and the same insurer quoted $9,351 for limits of $1,000,000/$1,000,000. The firm accepted it, and thus doubled its limits for less than its current premium, due to our aggressive shopping.

We’ve obtained similar results for many other Immigration Law firms. Can we do so for your firm?

The only way to find out is to send us an application, so we can obtain proposals for you.

IV. Legal Malpractice Insurance Immigration Lawyers – Learn More or Request  Proposals 

The form will give the insurers enough information about your practice to offer “ballpark” terms, without your having to complete a full application.

We’ll send your form to all suitable insurers, and contact you as they respond. If you like any of the estimates that we obtain, then you can complete a full application and provide any other information that the insurer needs to offer you a firm, final proposal. The premium of the final proposal usually matches or is very close to the estimate.

NOTES: 

bnce•   If you filled out an application or premium estimate form for another broker    b……     or any insurer, send us that, instead of filling out our form.  

        •  All proposals that we obtain for you are no-cost, no-obligation.

If you accept any of them, then the insurer that offered it will pay us a percentage of the premium as a commission.

That’s our only compensation; we don’t charge any fees.

We thus have every incentive to find you the best terms available in the market.

V. Legal Malpractice Insurance Immigration Lawyers – Attorney Feedback

“I recently worked with Curtis…I thought he did an excellent job staying in touch with me and giving me fair advice, without pressure to purchase anything in particular…he actually advised me to simply renew with my current carrier, despite the fact that it would not have led to any monetary compensation for him…” (Rating: 5 stars out of 5.)

Full review: http://www.yelp.com/biz/lawyers-insurance-group

We received this email from the owner of a law firm for whom we procured malpractice coverage after its existing coverage was non-renewed:
“From beginning to end, you have served us so well, keeping me informed every step of the way.  Thank you Curtis!  I will recommend you without hesitation to any lawyer in need of a professional insurance broker.”

VI. Legal Malpractice Insurance Immigration Lawyers – Who We Serve

We optimize legal malpractice insurance for:

  • New law firms, including solo practices
  • Established firms of all sizes and in all practice areas, including high-risk practice areas like Securities, Sports/Entertainment, Real Estate, IP, and Personal Injury/ Medical Malpractice/Class Actions.
  • Special situations: law firms that have had their legal malpractice insurance can-celled or non-renewed; are merging or disbanding; are in or emerging from bankruptcy; etc.

VII. Legal Malpractice Insurance Immigration Lawyers – Further Reading

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