As an individual, you have insurance for your home, your car, and even your life. Just as it is important to have these insurance policies, it is also important to have legal malpractice insurance as an attorney. If you have yet to acquire malpractice insurance, here are three key reasons why you should look into attorney legal malpractice insurance programs.
1. Maintain Your Finances
Without legal malpractice insurance, you could be held responsible for any damages awarded to a previous client who says you committed malpractice. These expenses can be significant, and if you have to pay for them by yourself, your legal firm could suffer financially.
2. Protect Your Reputation
One way attorney legal malpractice insurance programs benefit lawyers is by helping them protect their reputation. If you are accused of malpractice, with your insurance policy, you have resources available to you to preserve your reputation in the community.
3. Ensure Future Success
When you went to law school, you looked forward to spending decades practicing the law and preserving justice. Without malpractice insurance, your career as a lawyer could be cut short or it could suffer significantly. If you want to ensure your success in the years to come, obtaining a legal malpractice policy is one of the best things you can do.