Law Practice,
Ethics/Professional Responsibility
Mar. 27, 2020
Insurance 101 for law firms
Many lawyers do not become familiar with their firm’s lawyer professional liability, or LPL, insurance policies until it is too late.
John B. Sullivan
Partner
Long & Levit LLP
Email: jsullivan@longlevit.com
John handles professional liability cases, attorney fee disputes, partnership disputes, and state bar disciplinary matters. He also serves as the Chair of BASF's Legal Malpractice Section.
Many lawyers do not become familiar with their firm's lawyer professional liability, or LPL, insurance policies until it is too late. The consequences of unfamiliarity -- the result, in part, of the fact that such policies are long, dense and dry -- can be severe. Unexpected, deleterious consequences can include too little coverage to no coverage at all, or the inability to have defense counsel of your choice defend you. By breaking down the policy into sections, and ...
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