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Do You Need Attorney Professional Liability Insurance?

In your business, you already have a lot of insurance. You may not want to add another policy to your portfolio when you think about the cost. Risk management is the bane of most businesses, but as a lawyer, you especially should know and realize how litigious Americans are. Don’t run the risk of not having adequate attorney professional liability insurance in case of a mistake or error in your profession.

You may think you don’t have enough clients to have professional liability insurance. It only takes one person to bring a lawsuit against you that will make you stop in your tracks. You will have to dedicate time and resources to defending yourself, instead of focusing on your own clients. Insurance will ease your burden and anxiety in case you are ever sued yourself. It protects you and your clients.
When deciding whether to purchase insurance or not, the real question you should be asking yourself is “Can my business afford not to carry this policy?” If you have the assets to cover a potentially large settlement, then maybe you can afford to pass it by. However, if you want to protect your business and its assets, then the small cost of an insurance policy gives you peace of mind. Attorney professional liability insurance will help you sleep at night. Manage your business wisely with the right insurance coverage.

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