AXIS INSURANCE SERVICES, LLC: E&O Coverage for the Legal Profession
As an attorney or law firm, you’ve been on both sides of the table: defending professionals and their work in disputes with clients and working on behalf of plaintiffs who are unhappy with a particular service or job and claim financial damages. You, too, unfortunately, can find yourself across the table as a defendant in a legal malpractice claim that without proper insurance protection will cause your bottom line and reputation to take a hit.
It’s not just large firms that face allegations of professional liability negligence. The American Bar Association estimates that attorneys at legal firms of all sizes will have at least three legal malpractice claims brought up against them in the course of their careers. Additionally, claims against lawyers have been steadily increasing in recent years, and the size of claims is also on the rise. Real estate lawyers in particular have seen a spike in claims.