Lawyers, with or without lawyers professional liability insurance, are generally acquainted with being in a courtroom and representing a client. They may not, however, be familiar with sitting in the defendant’s seat with another lawyer representing them. More and more often, however, lawsuits involving errors and omissions are being brought to court. For this, many lawyers may look into insurance to help them out.
Lawyers professional liability insurance is there for a lawyer in case of being sued. Really, a lawyer needs a policy before he or she is sued for the benefits to take effect. With a policy in place, should a lawyer be sued by a client he or she once represented, then much of the cost of defending in court is reduced, and another lawyer comes to represent the defending lawyer. This is useful and can save a lawyer money as long as the policy is in place before the claim against the lawyer is made. Most policies will not cover claims made while the lawyer was uninsured or lapsed in insurance.
To put it simply, a lawyer needs lawyers professional liability insurance before a client sues him or her. By having the insurance in place before a case arises, you can reap the full benefits of your policy. Of course, be sure to check your policy. It is wise to know what is and is not covered if a case is brought against you.