Ethics/Professional Responsibility
Feb. 4, 2016
The dos and don't of professional liability insurance
Law firms in the market for liability insurance should approach the process like a business deal; it is an ongoing relationship. By Jody Harris and Cassidy E. Chivers
Law firms in the market for liability insurance should approach the process like a business deal; it is an ongoing relationship. In evaluating insurability, the underwriter examines whether a firm's practice creates areas of risk exposure or their firm processes and procedures serve to mitigate risk. Thus, the law firm must paint an accurate picture of who it is and what it does. This means providing complete ...
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