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“Embroker reduced our E&O premiums by 28 percent, and we didn’t have to fill out a single paper application to do so.”

– David Goldstein, Managing Partner at Goldstein Hall

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Highly-Publicized Examples of Legal Malpractice Claims

The Cost of Professional Liability Insurance for Law Firms

One of the key questions related to attorney malpractice insurance is that there are many different factors that go into determining the premium a law practice will have to pay in order to secure the right lawyers professional liability insurance.

Some of the key factors insurers use to determine premiums include the size of the firm (number of attorneys), step rating (how long individual attorneys have been practicing), areas of practice, and the law firm’s geographic location. Of course, your prior claims experience will also be taken into account. Insurers won’t just look at the number of claims you’ve had, but also at their severity and the degree at which you were at fault in these claims.

Check out our recent guide if you want to learn more about the specific factors that go into determining the cost of legal malpractice insurance.

It’s important to note that cheaper isn’t better when it comes to legal malpractice insurance coverage. Given the potentially crippling costs of malpractice claims, what’s most important is to ensure that your insurance fully covers the activities of your practice. Another critical factor in determining the cost of insurance is how much time you need to spend on the process of getting insured. If the process takes weeks and occupies hours of your attention, then that will directly impact your bottom line.

Case Studies of Law Firms Working With Embroker

ZwillGen
ZwillGen is a boutique law firm that works with tech companies on cybercrime, information security, privacy, and internet gambling issues. Embroker helped them optimize their risk management program and get better coverage with a significantly lower premium. See: ZwillGen’s Reduces Premium by $15k

CCL&C
Campion, Curran, Lamb & Cunabaugh (CCL&C) is a Chicago-based law firm with a storied tradition stretching back to 1851. Embroker’s platform allowed them to manage all of their policies in one place and cut their insurance costs by half. See: CCL&C Chose Control and Cut Costs by 50%

Goldstein Hall
Founded in 2006, Goldstein Hall is a full-service law firm that concentrates on affordable housing and community development. Embroker helped them buy insurance digitally and reduce their premium per attorney by 28%. See: Goldstein Hall Reduces Premium by 28%

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