Jun 29, 2017
Professional Liability Insurance for Modern Law Firms
There’s not a more traditional subject matter for lawyers than the acquisition of professional liability insurance. And, not much has changed about the way that law firms acquire insurance, since law firms started acquiring insurance. It’s like grandma’s apple pie: scratch-built, time-consuming and rough around the edges. But, in the modern economy, lawyers, as insurance consumers, deserve a smoother option for buying and renewing the coverage they need.
Embroker represents a new way for law firms to apply for and re-up on their professional liability insurance policies. Even as modern software invades the legal industry, insurance companies have been slow to react to the advantages offered by the cloud and the internet-based software it facilitates. Embroker offers a cloud-based platform for lawyers and law firms to apply for and to renew insurance policies. This approach eliminates the need for a traditional, paper-based application. Enter your information once, and update it on a yearly basis, to ensure that your policy remains in force. The whole process is rendered paperless; access all of your policy information and documents, at any time, through your Embroker account.
Embroker also allows you to better protect yourself by utilizing the data you provide to more easily locate gaps in your coverage — whether you need additional lines of insurance (umbrella, auto, home, etc.) or specialty coverage, like cyber insurance or a social engineering policy. Because Embroker collects data from law firms it insures across the country, it is able to benchmark your policies against policies maintained by similarly-situated law firms, so that you can be sure you’re getting the best rate. This level of transparency is a hallmark of Embroker’s operation.
Modern consumers expect control, cost savings and efficiency derived from technology; that triumvirate of advantages has now arrived for law firms buying professional liability insurance.
Now that you have a better understanding of how Embroker helps law firms get insured intelligently, you may be wondering how all of this affects your business and where to go from here. If you need more help or information, you can reach out to our team of expert brokers. Or, if you prefer to get started on intelligent quotes, create your Embroker account today.