5 Questions To Ask About Your Legal Malpractice Insurance
Law360, Los Angeles (November 21, 2014, 1:57 PM EST) -- A malpractice lawsuit can be an attorney's worst nightmare, putting a lawyer's competency and ethics under the microscope as well as taking an enormous financial toll. But while many firms carry malpractice insurance, few are asking the right questions about what is actually covered under their policy.
An estimated 5 to 6 percent of all private attorneys face malpractice litigation each year, according to the American Bar Association, and depending on the scope of a legal malpractice policy, an insurer will help defray the costs of defending a suit and any resulting settlement or judgment.
However, many firms don't carefully scrutinize...
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