When it comes to running a law firm, there are liabilities and risks. This is why small law firm malpractice insurance is important for every firm. Just because you aren’t a large firm with deep pockets doesn’t mean you aren’t susceptible to risk.
The Angry Client
Even small firms end up with stories about angry clients. Even if you did nothing wrong, clients might still sue you for negligence or file a complaint when a case doesn’t go his or her way. There are many reasons for a disgruntled client but you need protection.
The Unfortunate Mistake
Sometimes a lawyer wears many hats. Due to this, mistake happen and conflicts arise. When you have insurance, you don’t have to worry so much about what you’re going to do after an error. As long as the error wasn’t intentional in any way, you can be confident knowing that when an error does arise, it’s not going to break the firm.
The Data Breach
Data breaches are real and can compromise clients, businesses and the law firm. This can expose client and employee information. Due to this, you may see loss of business, damage to your reputation alongside of lawsuits from upset clients.
When it comes to insurance, small firms and large firms alike need insurance. It’s important for smaller firms to explore small law firm malpractice insurance.