LEGAL MALPRACTICE INSURANCE SOLO PRACTITIONERS

Legal Malpractice Insurance Solo Practitioners, Attorney Liability Insurance Solo Practitioners:  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, and strong coverage advocacy if you incur a claim.

We even help firms that have unusual malpractice insurance needs:

  • Coverage non-renewed.
  • Insurers won’t offer quote.
  • Policy limits > $5 million.
  • Office outside of the U.S.
  • Merging with or acquiring another firm.

Fill out our 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.

I. Legal Malpractice Insurance Solo Practitioners – How We Serve You

Here’s an example of our approach:

A solo practitioner contacted us to obtain competing quotes, after his malpractice insurer offered him a renewal quote of $3,691. His current premium was $3,258, for policy limits of $500,000 per claim/$500,000 for all claims, and a deductible of $2,500 per claim.

We sent his application to 12 “A”-rated insurers; eight offered quotes. The best quote was $2,763 for the same terms as the current policy. We had also solicited quotes at higher policy limits, and the same insurer quoted $3,189 for limits of $1,000,000/$1,000,000. The attorney accepted it, and thus doubled his limits for less than his current premium, due to our aggressive shopping.

We’ve obtained similar results for many other solos. Can we do so for you? The only way to find out is if we obtain proposals for you.

The larger point is that most attorneys don’t comparison shop, and thus often buy inadequate, overpriced coverage.

Why? Because they don’t realize that legal malpractice insurance pricing is imprecise and highly variable, or that the market is intensely competitive.

The premiums that a legal malpractice insurer charges are essentially guesses, because it doesn’t know how much it will spend to defend and settle claims, which are its biggest expense.

Further, pricing varies widely among insurers, i.e., the highest competing proposal that the firm in the second example above received was 36% more than the lowest proposal, for identical coverage.

This shows how important it is to comparison shop.

In fact, attorneys that doesn’t comparison shop at least every third year usually receives inferior terms, because their insurer has no competition for its account.

If you do shop, and your practice is well-managed and has a good claims record, then 7 – 10 “A”- rated legal malpractice insurers will likely offer you quotes, some of which may be much better than your current insurer’s renewal quote.

II. Legal Malpractice Insurance Solo Practitioners – Optimize Your Coverage 

Work with a broker who’ll submit your application to every “A”-rated malpractice insurer that’ll likely offer your firm coverage, based on its risk profile. Maximizing competition is the key to getting the best terms.

III. Legal Malpractice Insurance Solo Practitioners – 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 final quote. The final quote usually matches or is very close to the estimate.

NOTES:

bns.e•   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. Legal Malpractice Insurance Solo Practitioners – 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.”

IV. Legal Malpractice Insurance Solo Practitioners – Further Reading

 

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