One of the biggest fallacies in the legal world is that a law firm can avoid being sued for malpractice just by being careful. The truth is that virtually any client can try to sue his or her legal counsel for any number of reasons, whether or not that attorney proved negligent. Private practices and big firms alike need to have adequate lawyer malpractice insurance in order to provide for their clients without constantly worrying about a mistake that could jeopardize their practice.
When it comes to trying a complex case, the possibility of error is extremely high. That’s why Errors and Omissions (E&O) coverage is a necessity for any legal practitioner. A misplaced file or a mishandled email can be the catalyst for a gigantic ordeal if your firm isn’t covered by the right lawyer malpractice insurance. While you might think your standard liability coverage will protect you against any and all malpractice situations, this isn’t the case unless you have an E&O policy that has the right classifications for your particular firm. As an attorney, you know how easily a lawsuit can be brought against another person or business. Make sure you put the right malpractice policy in place so that your firm doesn’t get caught up in an unnecessary and costly legal battle.