Lawyer Insurance Cost
Small law firms and solo attorneys do not have the same insurance needs as the larger firms. The risks and types of claims are much different, requiring alternative and specific coverage needs.
The legal insurance experts at Protexure Lawyers have the affordable lawyer insurance you and your small firm need to make sure you are protected from potentially harmful cases that could harm your practice
We pride ourselves on being fair and affordable to any lawyer or practice that requires our services, and our lawyer liability insurance. We understand that small legal firms and individual practitioners of the law require protection that suits their needs, and that is affordable to them.
At Protexure Lawyers, we tailor your coverage per customer, so that you are getting the right coverage that your practice needs and deserves. We make sure that with your lawyer liability insurance, your firm does not pay the price of a large practice when your firm is a small, or if you are an individual practitioner. Trained, licensed, and experienced insurance professionals are will partner with you to make sure you are getting exactly the affordable attorney professional liability insurance you need, and nothing more.
Average Cost of Professional Liability Insurance
Many factors influence the premium for lawyer insurance. Insurance companies evaluate their loss experience to determine practice areas that impact the frequency and severity of losses. There are many factors that influence the cost of lawyers insurance including:
- Areas of practice
- Claims history
- Number of individuals covered
- Annual revenue
- Length of time you have maintained coverage
- Practice location
- Coverage limits and deductible
The average cost of attorney professional liability insurance ranges anywhere from $400-$6000 a year based on the factors listed above. With Protexure Lawyers, a solo attorney firm seeking a policy with limits of 1 million /1 million can expect lawyer insurance to cost around $2,600 annually.
It is important to keep in mind that the cost of lawyer insurance can vary widely from one lawyer to another. While there is industry data that can assist you with determining where you might fall on the premium spectrum, the only true way to know what lawyer insurance will cost you, is by receiving a quote.
What do Small to Mid-size Law Firms Pay Per Year?
Average Cost by Policy Limit
Why are our rates competitive?
There is no catch. Lawyer insurance rates are typically determined by the loss experience of policyholders insured by an insurance company. Our program is designed to meet the needs of small law firms. Rates remain competitive because our underwriting philosophy excludes large firms which have higher risk and greater claims volatility. Those savings are passed along to you.
Our goal is to provide small law firms the professional liability insurance they need. The Protexure Lawyers program is designed with small firms in mind, coverage additions and changes are made regularly to serve the ever changing needs of the small law firm.
- Focused on serving the unique needs of small law firms with comprehensive lawyer insurance
- Streamlined process, shorter forms, easy renewal
- 24/7 internet access to apply for coverage
- On call licensed professional liability specialists