What is Lawyers Professional Liability Insurance (LPL)?
Lawyers Professional Liabiltiy (LPL) insurance is a specialized form of coverage designed to protect attorneys and law firms from claims alleging professional negligence, errors, omissions, or breaches of fiduciary duty during the provision of legal services. It covers defense costs, settlements, and judgments, offering financial and reputational protection against the inevitable risks inherent to the practice of law. In an increasingly complex legal landscape, Lawyers Professional Liability insurance is foundational to responsible practice management and risk mitigation.
Why Obtain Lawyers Professional Liability Insurance (LPL)?
Even the most experienced attorneys are at risk of professional liability claims. Lawyers Professional Liability Insurance ensures your firm is protected from the financial and reputational consequences of such claims, covering defense costs and potential settlements and judgements.