This fast-paced industry needs insurance that can keep up with it, and that’s precisely what Salt Lake City Insurance provides.
Your law practice encounters a variety of situations, clients, and risks on any given day and a primary insurance policy may not give you the financial protection you require.
What is law firm insurance?
Law firm insurance is a specific type of coverage that is built around protecting these businesses from unique risks they face. In addition to specific coverage, law firm insurance plans also include core coverage that all businesses benefit from.
What does law firm insurance cover in Salt Lake City?
In any business, you face certain risks, and with the high stakes contracts and negotiations that take place at your law firm, your financial risk can be quite high.
Law firm insurance plans tend to include the following types of coverage:
- Liability: general, professional, legal
- Umbrella coverage
- Property insurance
There are a variety of situations where law firms will benefit from having coverage built around their business.
For example, law firms store sensitive data about their clients, and if there is a security breach, your business could face lawsuits from clients whose information was leaked.Without law firm insurance, your business risks going bankrupt or undergoing major financial stress from covering the costs of legal fees and client settlements. The right law firm insurance plan can help protect you from the cost of settling these issues.
Law firm insurance can also help protect you from the costs associated with the risk of running any business, like a pipe bursting in the office or a wrongful dismissal dispute.
Call Salt Lake City Insurance today to find a plan that gives your law firm the insurance it needs to be protected in a variety of situations.