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Insuring Your Law Firm through GMG Insurance

Whether your law firm is a solo practice, a small partnership, or a large firm with multiple offices across the nation, GMG Insurance can meet your business insurance needs. We offer property and liability coverages along with employee benefits and legal professional liability insurance to create a comprehensive package that is customized to your particular needs.

Coverage Basics

General liability policies are essential for any business, but they almost always specifically exclude coverage for professional services. That means malpractice claims need to be insured separately with a professional liability policy. Small firms may be able to enhance a law firm business owners insurance policy with professional liability and other important coverages.

Legal firm insurance from GMG Insurance is also available to larger practices. No matter your practice’s size, we can find business income coverage that reimburses you for actual loss of earnings if your firm is closed due to a covered cause of loss and cover extra expenses associated with keeping your business operating. Errors and omissions insurance is available, as is coverage for disciplinary proceedings.

If you are interested in insuring prior acts—those that occurred before the inception of your policy but aren’t reported until later—or extending coverage for retiring attorneys, we have options that will suit your needs.

Covering Lawyers and Staff

Some of our insurer partners offer a broad definition of professional service, to include attorneys of counsel, legal consultants, paralegals, independent lawyers doing work on your behalf, and other staff members. You can even obtain innocent partner protection. If your staff includes escrow agents, arbitrators, mediators, lobbyists, title agents or government affairs advisors, we have options for getting them covered under your malpractice policy.

Special Options

New products are being developed all the time by top-rated insurers to respond to financial risks faced by attorneys worldwide. To protect your firm, you may want to consider some of these options, which include outside director liability for your attorneys who serve on outside corporate boards and lawyers management liability that protects individual lawyers’ personal assets from loss arising from the firm’s insolvency.

Your GMG Insurance advisor keeps abreast of developing risk exposures and insurance solutions that protect against them.

Our solutions are as broad as your risk exposures.

Turn to GMG Insurance for personalized attention on managing your assets and securing products that accommodate your lifestyle, now and as it changes over time. Contact us at (215) 497-9240; (800) 540-7900; or email at info@gmgins.com.