Law Firm Malpractice

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4 Reasons to Have Legal Liability Insurance

legal liability insurance in Austin

Lawsuits are a plague to any business in any industry, but when you work in the legal business, taking part in this sort of altercation can seriously damage your business’s reputation and lead to a huge loss of cash flow that you need to keep business moving forward. That’s why having legal liability insurance in Austin is imperative to maintaining a healthy legal firm. These services are designed to help law firms of all shapes and sizes protect themselves against threats involving malpractice lawsuits and other challenges both common and uncommon in this line of work. There are many reasons to invest in this particular type of insurance, including:

  1. These services take any prior acts and accusations you might have had into account, and protects you from them if you happen to find yourself in court.
  2. If you’re subjected to a subpoena, your insurance agency will assist you with the cost and gathering of the information itself to ensure the process goes as smoothly as possible.
  3. Your insurance agency will support a certain amount of disciplinary defense, to ensure you’re getting the best protection possible.

These are but a few of the great benefits you’ll have when investing in legal liability insurance in Austin. Speak to a professional to learn more about what your firm has to gain from this investment and get the protection you need right away.

Cyber-Security: An Ever Growing Threat for Law Firms

Cyber-Security: An Ever Growing Threat for Law Firms

Your computer makes your job much easier as a lawyer, but it also presents more vulnerability for you. With trade secrets, intellectual property, and corporate strategies that come into your firm through email and documentation, you have to maintain security and prevent hackers from reaching that valuable data. Ask your insurance agent if your law firm malpractice insurance covers cyber security breaches to have peace of mind.

Your insurance company knows how to address the security threats through electronic devices. If your attorneys access the firm’s network through their mobile devices without restrictions, you are extremely vulnerable to attacks, especially if a phone is stolen. Your firm needs to implement strong best practices to your electronic data, but you should consider a cyber liability policy in addition to your law firm malpractice insurance.

Don’t wait until after you’ve been hacked to find out what your law firm malpractice insurance covers after a data breach. It is expensive to clean up after a security intrusion, and you could lose clients who do not trust you any longer. The costs could cripple your business for many years, and you may never regain your reputation.

Learn how to protect the valuable information your firm handles and get insurance to cover your damages. Security breaches are increasing every year, and you don’t want your firm to be the next business on the news.


photo credit: Anne Worner cc