E&O INSURANCE FOR ATTORNEYS IN MASSACHUSETTS?

Posted by Dematteo on April 11th, 2021

Clee Blog has an excellent article entitled, “What is Attorney E&O Insurance Used for in Massachusetts?” To find out more about E&O Insurance, also known as liability insurance, which offers a safety net for law firms visit their website at https://cleeblog.com/what-is-attorney-eo-insurance-used-for-in-massachusetts/ You will be happy that you did!

Errors and Omissions (E&O) insurance, also known as Professional Liability Insurance, is a must for law firms in Massachusetts. First, the importance of liability insurance for attorneys in Massachusetts cannot be understated. It is one of the most common forms of insurance available. A policy will protect an attorney from financial loss if they are sued for anything that happens as a result of a case being filed. Some policies are more expensive than others, but all types of coverage are required in most instances. What does this mean to you? It means you should have one of these policies in place before you ever decide to practice law.

The second aspect is more about business owners themselves. This type of coverage protects business owners from claims due to personal injuries, property damage, or any other type of claim. A slip and fall on someone's property could lead to personal injuries that could cause money losses for the business owners. Claims such as these would not normally be covered by insurance for most businesses.

What can the average individual do to ensure that he or she has this type of protection? They can take out a policy that will cover them in any type of situation. What about liability car insurance? If a motorist were to cause an accident that injured a person, the personal injury lawyers would be paid. This type of insurance is important not only for business owners but for anyone who owns a car.

The third aspect deals with the public image of the law. When clients or customers encounter a law firm, there may be a tendency to form an opinion about the firm based on what they might have learned about it online. Insurance policies that cover a business professional liability insurance in this way may help to create a more positive image for the business, and this can only be good for the business's bottom line.

The fourth reason why liability insurance is so important for attorneys in Massachusetts is because they can be required by the government. For example, in the case of pollution, the city of Boston requires that all companies provide this type of insurance to meet their environmental responsibility obligations. In addition, the state of Massachusetts has created a high standard of accountability for police officers, who must also carry liability insurance.

Finding an attorney who offers liability insurance is not difficult in the state of Massachusetts. Many companies will be happy to discuss their policies. In fact, many law firms offer this type of protection to their customers. As a result, finding a qualified attorney to protect your assets is particularly important for business owners in Massachusetts. Now, visit the Clee Blog to learn more about E&O Insurance and why law firms should have it.