A Word From Our Sponsor On Protecting Yourself With Professional Liability Insurance

If you are a legal professional, then you may have heard statistics that suggest that four percent of legal professionals face lawsuits each year. If you have a large law firm, you can see that the odds of facing a lawsuit are higher than if you have a small firm. However, when you consider the fact that professional liability insurance is available to protect you whether you are part of a large or a small firm, you may want to know more about it.
First, you need to know that this type of insurance is not like other kinds of insurance. It is not designed to protect you from physical damages, such as injuries that require hospitalization that occurred in your office. General insurance is required for that type of coverage and provides specific coverage for specific things. Professional liability insurance on the other hand, will cover you for the specific period that the policy is in force and will cover litigation that arises because of perceived negligence on your part that may have caused a financial burden to your client.
Not only can professional liability insurance protect you from the expenses incurred to fight a lawsuit, but it can also be designed to cover the amount of time you would lose defending yourself against such a claim. Having someone else to represent you saves you time and money.