LEGAL MALPRACTICE INSURANCE WASHINGTON STATE

Legal Malpractice Insurance Washington StateLegal Malpractice Insurance Washington State, Attorney Liability Insurance Washington State: 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 on-line application to receive no-cost, no-obligation quotes.

We’ll send your firm’s application to all viable insurers, based on its 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 Washington State – 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 Washington State 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, Markel, and Zurich usually offer the best terms to Washington State 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 Washington State – Help for First-Time Buyers

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

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

Pay particular attention to 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., because your answers will greatly affect the premium. 

If you’ve been practicing for more than a year, then fill out the grid based on your gross billings for the last 12 months.

If your firm is new, then fill out the grid based on your projections for the next 12 months. The insurers will know that your figures are projections, because the application also asks when your firm was founded, and they won’t penalize you if your figures turn out to be inaccurate. When the policy renews next year, you’ll have a year of data, and will be able accurately report your practice areas on the renewal application.

Also pay attention to 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 rudimentary risk management procedures in place, so don’t complete an application 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 an engagement letter, then every insurer will decline your application. See #19 on our FAQs page for a list of acceptable tools. Certain manual tools are listed, but computerized tools, i.e., practice management software, are preferred.

After you submit your application, we’ll send it to the insurers, requesting proposals at different policy limits and deductibles, so you can compare the cost to the coverage and make the optimal choice. We’ll send you a summary of the proposals after all of the insurers have responded, which generally takes 3 – 5 business days.

We’ll also provide you with an explanation of policy limits, so you’ll be able to properly evaluate the insurers’ proposals (see #7 on our FAQs page for more information).

After all of the insurers have responded, you can decide if you want to accept any of the proposals. If so, there’ll be some documents to complete, which we’ll assist you with.

After the insurer has approved them, your coverage will be in place. 

The final step will be to pay the premium. You can pay the entire premium upfront by check, or finance it: pay 15% down and the balance in 10 monthly installments, plus modest finance charges. Note: the insurers don’t accept credit cards, due to the fees charged by Visa, etc., but you can pay by card, if you pay the fees. 

We’ll gladly answer any questions that you have at any step in the process.

II. Legal Malpractice Insurance Washington State – Optimize Your Coverage 

Here’s an example of our approach:

A 4-lawyer firm in Seattle contacted us to obtain competing quotes, after its malpractice insurer offered it a renewal quote of $10,587. The firm’s current premium was $9,646, for policy limits of $500,000 per claim/$500,000 for all claims, and a deductible of $5,000 per claim.

We sent its application to 12 “A”-rated insurers; eight offered quotes. The best quote was $7,853 for the same terms as the current policy. We had also solicited quotes at higher policy limits, and the same insurer quoted $9,472 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 Washington State 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 Washington State – Learn More or Request Quotes

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 quote. The final quote usually matches or is very close to the estimate.

NOTES:

bncs.e•   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.

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

bncl.l.l.e.If you accept any of them, then the insurer that offered it will pay us a mmmm bnc…eo percentage of the premium as a commission.

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

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

IV. Legal Malpractice Insurance Washington State – 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 reviewhttp://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. Legal Malpractice Insurance Washington State – 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.
  • Independent Contractors

VI. Legal Malpractice Insurance Washington State – Further Reading


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Legal Malpractice Insurance Virginia

Legal Malpractice Insurance Washington, DC

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