Indemnity & Professional Liability Insurance for Lawyers and Law Firms

Professional Liability Insurance For Lawyers Insight  |  “Shrinking Limits” May Apply 

The adage “You can be sued for anything these days” may be all too familiar for attorneys. Ironically, many law firms overlook professional liability insurance for lawyers to protect their in-house team.

In addition to clients, law firms may be sued by their employees, shareholders, government agencies, as well as other groups. So, what’s an organization to do? Step one is to recognize the real risks that legal staff face.

[Did you know?]

• In-house counsel at private companies face exposures when performing contract negotiations, giving advice to human resources professionals, assisting with mergers, reviewing contractual language, etc.
• Since electronic information is discoverable, it must be stored and preserved just like paper documents once were. In-house counsel should work with IT professionals to ensure compliance with this rule.
• Clients may sue over a contract that did not work in their favour which the in-house counsel had a hand in writing.
• Terminated employees may sue the employers and name the in-house counsel for negligence.
• In-house counsel are also at risk when they perform moonlighting services or pro-bono work.

Whether you’re expanding your law firm or renewing your existing professional liability insurance for lawyers coverage, ALIGNED advocates can help.

9 Law Firm Coverages To Consider 
When insuring your law firm, there are a multitude of options to consider. ALIGNED can provide you with the best possible professional liability insurance for lawyers options to address risks such as:

1. Demands, suits or proceedings for damages or injunctive relief
2. Licensing proceedings for in-house counsel to practice law
3. Defence against claims alleging wrongful acts, negligence, errors and or omissions
4. Pro-bono or moonlighting work done by in-house counsel
5. Full-time on-staff counsel and contract and independent contract lawyers and support staff members
6. Defence costs advances, even if allegations are found to be groundless
7. Covering for non-client and regulatory claims
8. Punitive damages
9. Claims from coworkers that arise out of the lawyers work at the organization

ALIGNED Professional Liability Insurance For Lawyers
|  1-866-287-0448
Our advocates can help you secure the best insurance products, services and solutions for your law firm.

It’s time to get insurance value and choice aligned. Want Canadian business insurance that aligns with your bottom line? We can help. 365. Call us toll-free at 1-866-287-0448 or click to Get a Quote!

We’re ALIGNED across Canada. The ALIGNED Insurance National Operations Centre in Cambridge, Ontario supports our Toronto, Calgary and Vancouver offices. Our industry peers consistently recognize us as one of Canada’s best insurance teams. 100% Canadian-owned, we are super proud to be one of the fastest-growing insurance brokerages in the country.

We deliver e-news you can use. Get practical business insurance insights in your inbox every month. 19,000+ people subscribe to our free ALIGNMENT Matters e-news. Just click the JOIN OUR DISTRIBUTION LIST button – at the bottom of our homepage – to get connected.

365 | Get ALIGNED. Every day, Canadian business leaders read our insurance insights. Find us on LinkedIn, Twitter, Facebook, Instagram and YouTube.