LEGAL MALPRACTICE INSURANCE MEDICAL MALPRACTICE LAWYERS

Legal Malpractice Insurance Medical Malpractice Lawyers

Legal Malpractice Insurance Medical Malpractice Lawyers: aggressive comparison shopping to find you the best coverage and price. Access to all major “A”-rated insurers. Free quotes in minutes. 1-page online application.


We’re Lawyers Insurance Group, legal malpractice insurance brokers serving Medical Malpractice lawyers.

Fast Facts:

  • Most solo Medical Malpractice lawyers pay $1,250 – $2,500 for their first policy. A 2-atty. firm will pay slightly less than double that; a 3-atty. firm, slightly less than triple that, etc. Premiums are 25% – 50% higher in NYC, NJ, Miami-area, LA-area, and San Francisco; up to 35% lower in rural areas.
  • The premium is based mainly on your firm’s atty. count, practice areas, policy limits, and county/state.
  • Most solos buy policy limits of at least $500,000 per claim/$500,000 annual aggregate. Each higher level of limits – $500,000/$1,000,000, $1,000,000/$1,000,000, etc. – costs another 10% – 25%.
  • Attorneys who practice 26 or fewer hours per week, qualify for a part-time rate, which will reduce the premium by 35% – 50%.

Apply, Quote, Buy:

  • Fill out our short online application or download it below.
  • We’ll send your firm’s application to all viable insurers, based on its risk profile (firm size, practice areas, county, etc.), and request proposals at different limits and deductibles, so you can make the optimal choice.
  • Some insurers allow brokers to input a firm’s application, and receive instant quotes. We’ll email you those insurers’ quotes, shortly after you apply, and advise you if any of them are the best available, or if you’re better off waiting a few days, for the other insurers to offer proposals.
  • We’ll explain the coverage and policy limits, answer your questions, and send you any insurer’s policy to review, if desired.
  • To accept any of the instant quotes, sign the quote sheet that we’ll email you. To accept a proposal from an insurer that doesn’t offer instant quotes, you’ll have to complete its long application to receive a binding quote, which should match the proposal. We’ll fill it out to the extent possible, based on the online application that you completed, and send it to you to finish.
  • If you accept any insurer’s binding quote, your coverage will be in place.
  • Pay the premium in full or finance it (10% down, followed by 11 monthly payments).

Contact me, if you have any questions or want help with the application:

Curt Cooper, Managing Broker
(202) 802-6415 | ccooper ‘at’ lawyersinsurer.com
Licensed Insurance Producer in CA, DC, GA, MD, MI, NJ, NY, OH, PA, TX, VA, WA, etc.
National Association of Insurance Commissioners Reg. #1017031

I. Legal Malpractice Insurance Medical Malpractice Lawyers – Help for First-Time Buyers

Here’s what to expect, if you’re buying your first malpractice insurance policy:

A. The first step is to complete an application, either online or by downloading it.

    1. Focus on the practice areas grid, which asks you to allocate your billings by percentage per practice area, i.e., 30% family law, 20% personal injury law, etc. Your answers will greatly affect the premium.

If your firm has been open for a year or more, then fill out the grid based on your gross billings for the last 12 months. If it’s been open less than 12 months, fill out the grid based on your billings to date, plus your projections for the remainder of your first 12 months.

The application asks when your firm was founded, so the insurers will know if your figures are projections, and they won’t penalize you if your projections turn out to be inaccurate. When your policy renews next year, you’ll have a year of data, and will be able to accurately report your practice areas. 

Your coverage won’t be restricted to the practice areas that you list on the application. 

   2. Also focus on the questions that ask about your docket/calendaring and conflicts-checking procedures, and if you use engagement letters, etc.

You won’t get quotes unless you have at least basic risk management procedures in place, so don’t apply until you do.

Even if you don’t handle litigated matters, and thus don’t need a docketing system, you’ll still have deadlines to meet, and the insurers will expect you to use a primary and back-up calendar.

If you answer the questions “no”, i.e., you don’t use any calendaring or conflicts-checking tools, or a retainer agreement or engagement letter, then every insurer will decline your application. See #19 on our FAQs page for a list of acceptable tools. Some manual tools are listed, but computerized tools, i.e., practice management software, are preferred.

II. Legal Malpractice Insurance Medical Malpractice Lawyers – Optimize Your Coverage 

Here’s an example of our approach:

A 4-lawyer firm contacted us to obtain competing quotes, after its malpractice insurer offered it a renewal quote of $13,763. The firm’s current premium was $12,539, for policy limits of $1,000,000 per claim/$1,000,000 for all claims, and a deductible of $10,000 per claim.

We sent its application to 12 “A”-rated insurers; eight offered quotes. The best quote was $10,209 for the same terms as the current policy. We had also solicited quotes at higher policy limits, and the same insurer quoted $12,314 for limits of $2,000,000/$2,000,000. 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 Personal Injury 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.

III. Legal Malpractice Insurance Medical Malpractice 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 quote. The firm quote  usually matches or is very close to the estimate.

NOTES:

•   If you filled out an application or premium estimate form for another broker 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.

IV. 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.”

V. Who We Serve

We optimize legal malpractice insurance for:

  • New medical malpractice law firms, including solo practices.
  • Established medical malpractice firms of all sizes.
  • Special situations: medical malpractice firms that have had their legal malpractice insurance can-celled or non-renewed; are merging or disbanding; are in or emerging from bankruptcy; etc.
  • Independent Contractors

VI. Legal Malpractice Insurance Explained

VII. Reduce Your Risk of Committing Legal Malpractice

Calendaring/Docketing Best Practices

Conflict of Interest Avoidance Best Practices

Engagement Letter/Retainer Agreement Best Practices

Billing Practices to Increase Realization Rates and Avoid Fee Suits

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