LEGAL MALPRACTICE INSURANCE QUOTE

LEGAL MALPRACTICE INSURANCE QUOTELegal Malpractice Insurance Quote: aggressive comparison shopping to find you the best  coverage and price. Short online application. Fast, free quotes from all major “A”-rated insurers.

 

 

Fast Facts:

  • Most sole practitioners will pay $500 – $1,000 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-area; 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.
  • Criminal defense lawyers pay the least, then immigration; family and business; bankruptcy and employment; PI, real estate, and trusts-estates, and patent, securities, and class action lawyers, who pay the most.
  • The minimum policy limits are $100,000 per claim/$300,000 annual aggregate, followed by $250,000/$500,000, which costs about 35% more, and then $500,000/$1,000,000, $1,000,000/$1,000,000, etc. Each higher level costs 10% – 25% more. Most solos choose one of the first two levels.
  • 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 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 our online application:
Curt Cooper, Founder and Managing Broker
(202) 802-6415 | ccooper ‘at’ lawyersinsurer.com
Virginia Bureau of Insurance License #802471
National Association of Insurance Commissioners Reg. #1017031

I. Legal Malpractice Insurance Quote – 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 $11,014. The firm’s current premium was $10,032, 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 $8,167 for the same terms as the current policy. We had also solicited quotes at higher policy limits, and the same insurer quoted $9,851 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 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.

II. Legal Malpractice Insurance Quote – Learn More or Request Quotes 

It will give the insurers enough information about your practice to provide you with “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:

•   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 Quote – 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…this is exactly the type of professional I want to do business with.” (Rating: 5 stars out of 5.)

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

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. Who We Serve

  • New law firms, including solo practices
  • Established firms of all sizes and in all practice areas, including high-risk practice areas like Securities, 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 in or emerging from bankruptcy; etc.

V. Further Reading

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