Law firms have specific insurance needs. The legal industry today is complex and dynamic – changes happen every day. You need insurance coverage that can keep up with your professional needs. That’s where we come in – Cusick Insurance Brokers, Ltd. specializes in law firm insurance coverage designed to minimize your risks.
Small, mid-sized, and large law firms face many different challenges each day. Legal malpractice insurance is a well-known product, but many other insurance products are designed to help protect your law firm, as well.
Who Needs Law Firm Insurance?
Insurance products for law firms are designed with many different professionals in mind. We have insurance coverage for:
- Law firms
- Legal aid offices
- Corporate lawyers
- Family law offices
- Criminal law attorneys
- Defense attorneys
- Private practices
- Real estate law firms
- Pro bono firms
- And many other legal professionals
Employment liability practices insurance can help protect your firm from employee claims of discrimination or unlawful termination, as well as claims around hiring practices. Workers’ Compensation provides coverage for employees who are injured while working. Key person insurance could be critical coverage for your firm’s partners.
Whether you are shopping for a full range of coverage for your law firm or only need to add legal malpractice, we can help.
The Right Insurance Coverage Offers Many Benefits
Having the right insurance coverage in place for your law firm offers many benefits.
- Asset protection
- Liability coverage
- Claims management
- Legal defense against claims
- Replacement of damaged or stolen property
- Loss control and risk management advice
- Insurance premium cost control
- Less money spent on deductibles
- Lower overall cost of risk
Our experience can help guide you through the insurance process, helping you have the right insurance coverage in place for your law firm.
Cusick Insurance Brokers, Ltd. is Your Independent Broker Solution
Cusick Insurance Brokers, Ltd. is an independent broker – that means we find the right coverage and policy for your needs, regardless of carrier. We work with top carriers to place your risk and secure the right coverage for your law firm at the best price.
We work with you to get to know your law firm. We understands the pain points of law firms, and we have the insurance solution to help.
Risk. Our experienced staff will meet with you and review your needs thoroughly. This means a walk-through of your physical space and a discussion of your other assets and liabilities. We can review your current policies and highlight any gaps in your coverage that could cost you money. By doing a risk management analysis, we can help save you money by reducing claim frequency and severity. This means you will pay less in deductibles and will enjoy lower insurance premiums.
Cost. By reviewing your exposures and risk management strategies, we can help identify the best coverage for your needs at the lowest cost. Because Cusick Insurance Brokers, Ltd. is an independent brokerage, we can compare rates from the top carriers to find the best option for your law firm.
Protection. Get the right protection for your law firm by using a broker from our office. We can help you identify your firm’s needs and exposures, ensuring every risk is managed with a sound loss control strategy.
Peace of Mind. The right insurance coverage does more than replace your property; it gives you peace of mind that your investments are protected. No one wants to have an insurance claim, but knowing your insurance coverage is in place if you have a loss gives you peace of mind.
Insurance Coverages To Consider For Your Law Firm
Everyone in the legal field likely already knows the importance of carrying legal malpractice coverage – a critical insurance product for law firms. Legal malpractice or professional liability coverage, also called Errors and Omissions insurance, provides protection for legal professionals against claims of errors and omissions while performing their professional duties.
But there are other important insurance coverages to consider purchasing in addition to Professional Liability coverage to protect your law firm from various types of risk.
Commercial General Liability Insurance
The Commercial General Liability (CGL) policy is often the first purchased when you establish a business. The CGL affords coverage for property and liability losses and provides essential protection for most businesses.
If you have employees, you may be mandated by the state to carry Workers’ Compensation coverage to protect them and your business against claims of injury or occupational disease.
Directors and Officers Insurance
Directors and Officers (D&O) insurance can be helpful coverage for law firms to purchase for their directors and officers. This coverage helps protect corporate directors and officers from claims of negligence or wrongful acts in managing the firm.
Employment Practices Liability Insurance
Employment Practices Liability Insurance (EPLI) protects against claims of discrimination and unfair employment practices. This could include claims of sexual harassment, wrongful termination, or discrimination.
Key Person Insurance
Key person insurance protects your law firm if a key employee, like a partner or managing attorney, is disabled or dies. Also called key man or key partner insurance, this policy can help bridge the gap left if a partner or key employee departs the firm suddenly.
Cyber Liability Insurance
Cyber exposures are rising for all kinds of businesses, including law firms. Cyber liability insurance can help cover risks from data breaches, malware, phishing attempts, and ransomware. The costs to remedy these cyber-attacks and notify customers of the data breach can be high. Cyber liability insurance can help protect law firms from these emerging risks.
Commercial Crime Insurance
A commercial crime policy affords several different protections for law firms. The policy provides coverage for incidents involving employee theft and dishonesty, forgery, computer fraud, funds transfer fraud, and money and securities coverage.
Commercial Umbrella Insurance
An umbrella policy can provide an extra layer of protection on top of your underlying policies. This can be invaluable if you are sued and a claim exceeds your insurance limits – instead of having potential personal liability, your commercial umbrella coverage can kick in and help cover the excess damages.
How To Learn More
To learn more about insuring your law firm, contact us at Cusick Insurance Brokers, Ltd. to start your free quote or for more information.