Why Lawyers Need Malpractice Insurance

Lawyers malpractice insurance may be necessary in any field of law. Lawyers in every practice area, from family law to tax law, may one day be subject to a malpractice suit. A lawyer can commit legal malpractice, an act which is wrongfully executed or negligent and that causes monetary damages to a client, in a multitude of ways.

 

Attorneys can be held liable for simple, straightforward errors and omissions, or failure to follow instructions if it causes legally cognizable injury to a client. Such simple errors could include things like failure to file documents before calendar deadlines pass or before statutes of limitation toll. Another example that could potentially cost a client his or her case is if an attorney improperly delegates work to an employee or outsider.

 

An attorney can also be held liable for failure to know and apply the law, and for failure to adequately pursue a case. An example of such a failure is if an attorney failed to secure necessary witnesses and experts.

 

Clients can bring malpractice claims for failure of proper client representation, poor communication, breach of fiduciary responsibilities, and conflicts of interest. Suits involving client fees are also common within malpractice law.

 

Lawyers are held to a high professional standard and may need malpractice insurance to cover a variety of potential situations where they may be held liable. Because five to six percent of private attorneys are estimated to undergo malpractice proceedings every year, obtaining lawyers malpractice insurance is recommended.

This post was written by , posted on January 17, 2015 Saturday at 9:45 am

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