Legal Malpractice Insurance
While most people are familiar with the term “medical malpractice insurance”, manyhave never heard of legal malpractice insurance. Actually, legal malpractice insurance has been offered to law firms for years. It stands to reason that as the population grows, there will be an increase in the number of lawsuits filed per year, and a growing number of these lawsuits could potentially be against law firms. Consumers today are more knowledgeable an ever about legal and technical issues, which increases the likelihood of lawsuits against law firms if the client feels that he was misrepresented. Any law firm, whether it is comprised of one attorney or several, would be wise to invest in legal malpractice insurance to minimize the risk of great financial loss to the firm.