Attorney/legal professional liability insurance, also known as errors and omissions (E&O) insurance, is a type of professional liability insurance that protects attorneys and other legal professionals from claims of negligence, malpractice, or breach of professional duty.
Key points to remember about Clifton Insurance Agency, Inc. attorney/legal professional liability insurance:
- Coverage: This type of insurance typically covers claims arising from errors, omissions, or negligence in the provision of legal services. It can protect attorneys from financial losses due to lawsuits, settlements, or judgments.
- Types of claims: Common claims covered by attorney E&O insurance include:
- Professional negligence (e.g., failing to meet deadlines, providing incorrect advice)
- Breach of fiduciary duty (e.g., mishandling client funds)
- Malpractice (e.g., providing substandard legal representation)
- Exclusions: Most attorney E&O policies have exclusions, such as:
- Criminal acts
- Fraud
- Intentional misconduct
- Limits of liability: The policy will specify the maximum amount of coverage available for a single claim or incident.
- Premiums: Premiums for attorney E&O insurance vary depending on factors such as the attorney’s experience, practice area, location, and claims history.
In summary, attorney/legal professional liability insurance thru Clifton Insurance Agency, Inc is a crucial tool for attorneys to protect themselves from financial losses due to malpractice or negligence claims. By carrying E&O insurance, attorneys can have peace of mind knowing that they are protected in the event of a claim.
Chinese (Simplified)
English
French
German
Italian
Spanish