Sarah has just been made a member of the bar and is going to open her own law office. You will be her first employee! What advice can you give her about professional liability insurance.
A) It would be a good idea to research state law to find out if professional liability insurance is mandatory in your state. She will need a different policy to insure the firm for bodily injury and property damage because professional liability insurance covers direct financial loss and expense to the legal professional that arise from claims of neglect, omissions or errors, but not intentional torts.
B) professional liability insurance does not cover bodily injury or property damage.
C) professional liability insurance covers direct financial loss and expense to the legal professional that arise from claims of neglect, omissions or errors, but not intentional torts.
D) some states require lawyers to have professional liability insurance (so we should go look that up.)

Question

Quizplus · Accepted Answer

Professional liability insurance is important for lawyers to cover claims of neglect, omissions, or errors. It does not cover bodily injury or property damage, and state laws may mandate it, so researching state requirements is advisable.

Sarah Has Just Been Made a Member of the Bar