Ethics/Professional Responsibility
Jan. 24, 2015
Even after retirement, lawyers need malpractice 'tail' coverage, experts say
Malpractice claims can show up years after a lawyer stops practicing. "Tail" insurance coverage can be expensive, but sometimes it's free.
Daily Journal Staff Writer
Frank W. Nemecek runs into old friends at the courthouse every now and then who mention they're getting ready to close up their law practices and retire.
He always tells them: "Make sure you buy a tail policy."
A tail policy is insurance slang for, in this case, attorney malpractice coverage designed to protect the lawyer after he or she has retired or otherwise dropped ...
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