Legal malpractice coverage has a special significance in the California legal market, where attorneys must disclose to their clients if they do not hold professional liability insurance. See Cal. R. Prof’l Conduct 3-410. In the current legal malpractice marketplace, many policy options exist that vary in scope, coverage and price. Regardless of whether the application is for new coverage or renewal of an existing policy, accurate completion of the application is of the utmost importance.
The scope and extent of a legal malpractice insurance application varies between an initial application with a new insurer and a renewal application with an existing insurer. In an initial application, the focus is on identifying all information necessary to effectively weigh a firm’s or attorney’s malpractice risk to ensure an appropriate premium for the coverage.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
