Law Firms Insurance

Insurance and Risk management for the legal profession

Creating an atmosphere that supports and protects your partners, associates and employees is essential to the firm’s growth and stability. Gallagher has developed a law firms insurance practice that is dialed in to helping law firms achieve those goals – from small firms, specialty firms to mid-size and large global firms. 

Individual solutions for law firms

One cannot eliminate risk, only prepare for it. A well-tailored Lawyers Professional Liability is crucial for attorneys to mitigate risk within your law practice. We offer lawyers professional liability insurance based on your firms’ individual needs.

Lawyers Professional Liability Insurance: one - five attorneys

We’ve partnered with Amerinst Professional Services and Crum and Foster that provides an online application to keep you and your partners covered. Benefits include:

• Premiums based on the exposure of small law firms - not large firm severity risks
• Shorter application forms suitable for small firms
• Toll-free assistance line with licensed professional liability specialists
• Crum & Forster insurer was founded over 100 years ago.

Lawyers Professional Liability Insurance: six or more attorneys

We provide enterprise-wide solutions that encompass your benefits, liabilities and your property for greater risk reduction that are designed to scale. Services to consider at a firm of six or more attorneys include:

• Pre-underwriting Review of Your Application – We anticipate the questions underwriters will ask and those questions that may uncover gaps in coverage. With this in mind, we review your firm’s risk profile for improved pricing and insurance coverage.
• Broad selection of markets and expertise –We work with more than 40 markets in the U.S., London and Bermuda to ensure you have a wide, comprehensive selection of carrier options.
• Detailed Coverage Analysis – With the variations in insurance policy and endorsement language, you need someone technically proficient in coverage language. At Gallagher, we find those variations and communicate them to you in a timely manner.
• Risk Management Services – Our clients receive regular e-mail bulletins on hot topics and risk management advice to prevent and mitigate legal malpractice claims.
• Claims Advocacy and Consulting – We are your advocate in the resolution of claims and employ attorneys to assist you in the event of coverage disputes with carriers.

Reducing the risk of malpractice claims

Working with cases and clients of any size comes with inherent risk. We have tools and coverages that help to protect you from malpractice risk:

• Risk management newsletters and white papers from the risk management department of Lawyers Professional Liability Insurance Companies
• Gallagher Law Firm Solutions risk management updates
• Legal malpractice defense firm newsletters
• Network of consultant and law firm risk management specialists to provide seminars and audits of your risk management practices
• Webinars on timely topics

Coverage for all sizes and scopes of law firms

Whether you are a law firm of five or 500, we have specialized insurance programs and coverages designed to cover a wide range of risk that law firms face for enterprise wide coverage:

• Specialized lawyers professional liability insurance. We have developed professional liability solutions for law firms of all sizes and areas of practice.
• Employment practices liability insurance - Protect your firm from sexual harassment, discrimination and other inappropriate employment conduct claims.
• Directors and Officers (D & O) liability insurance - Protect your partners and shareholders regarding the business decisions made in the day-to-day management of your firm.
• Fiduciary liability Insurance - Liability coverage that protects your firm against liabilities that arise from violations of responsibilities, obligation or duties imposed upon fiduciaries by ERISA.
• Cyber Liability. Law firms are targets for hackers and security breaches with the amount of client data and sensitive information on your networks. We offer cyber risk coverage to protect you and your client’s confidential information.
• Property and casualty insurance - Protect your firm’s property and other liability exposures to cover the office, workers compensation exposure and operations.
• Personal Lines and Private Client Services insurance. Available to those high net worth individuals who need tailored solutions for their personal insurance needs. Group Umbrella Policies can be an added benefit you offer your attorneys at a savings not available when purchased alone.
• HR Advantage. This program is a supplement for various HR services from compensation program design to employee handbooks.