LEGAL MALPRACTICE INSURANCE ARBITRATORS

legal-malpractice-insurance-arbitrators/

 

Legal Malpractice Insurance Arbitrators: 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 Arbitrators.

Fast Facts:

  • Most solo Arbitrators will pay $500 – $1,000 for their first policy.
  • The premium is based mainly on your firm’s arb. count, practice areas, policy limits, and county/state.
  • Each arbitrator added to a policy, costs less than the prior one(s): a 2-arb. firm will pay about 70% more than a solo, a 3-arb. firm will pay about 125% more, etc. 
  • Most solos buy policy limits of $100,000 per claim/$300,000 annual aggregate, or $250,000/$500,000, which costs about 30% more. Each higher level of limits – $500,000/$1,000,000, $1,000,000/$1,000,000, etc. – costs another 10% – 25%.
  • Premiums are 25% – 50% higher in NYC, NJ, Miami-area, LA-area, and San Francisco; 25% – 50% lower in rural areas.
  • Arbitrators 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 on-line 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 #1017031

 

I. Legal Malpractice Insurance Arbitrators – How Our Process Benefits You

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

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

That’s where we come in.

We submit each firm’s application to all viable insurers, based on its risk profile – typically 7 – 10 – 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.

More than a dozen major insurers cover arbitrators and mediators, 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.

AXA, CNA, and Zurich usually offer the best terms to arbitrators.

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.

II. Legal Malpractice Insurance Arbitrators – Request Quotes 

  • If you’re ready to get the best terms on your firm’s malpractice insurance, fill out our on-line application, or download, complete, and return our one-page premium estimate form:
    Online:
    Online Application
    Download:
    PDF Application

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.

III. Legal Malpractice Insurance – 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 Explained

V. Reduce Your Risk of Committing Legal Malpractice

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