Attorneys in private practice buy errors and omissions insurance. Such is coverage for suits brought by clients for malpractice.
When attorney goes to work for a private firm the need for errors and omissions insurance drops to almost zero - an employer can not sue an employee for malpractice.
I said almost zero.
Employed lawyers sometimes continue to handle small matters for friends and family. They may help employees with wills or other small legal matters. The lawyer is exposed to a lawsuit if those "off-the books" issues result in a lawsuit.
Employed attorneys should realize that most employers do not buy coverage for them for malpractice.
There is an insurance policy designed for this situation - called Employed Lawyer E&O.
Talk with your insurance advisor about employed lawyer errors and omissions for more info.
When attorney goes to work for a private firm the need for errors and omissions insurance drops to almost zero - an employer can not sue an employee for malpractice.
I said almost zero.
Employed lawyers sometimes continue to handle small matters for friends and family. They may help employees with wills or other small legal matters. The lawyer is exposed to a lawsuit if those "off-the books" issues result in a lawsuit.
Employed attorneys should realize that most employers do not buy coverage for them for malpractice.
There is an insurance policy designed for this situation - called Employed Lawyer E&O.
Talk with your insurance advisor about employed lawyer errors and omissions for more info.
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