Are you a Missouri law firm or sole practitioner seeking information on the cost of legal malpractice insurance?
Are you familiar with legal malpractice insurance providers in Missouri, how to access their products, and how they may differ in coverage and price?
Start with this fact. According to the most recent Missouri Department of Insurance Legal Malpractice Insurance Report, only 12 insurance companies reported any Legal Malpractice written premium in Missouri. Of those 12, only four had a market share greater than 2 percent. Just three companies controlled more than 92 percent of the market share. You can bet there are more than 12 companies out there willing to sell you coverage.
So, how do you evaluate these companies when they come calling and offer to quote your coverage? They all want to save you money. What about price? Are you paying too much? If you switch policies for a lower price, or leave your current firm to practice with another, what might you be giving up? Will you lose coverage for prior acts? Will you need Tail or Extended Reporting Coverage? These are all questions we can help you answer.
We’re Independent – We have your best interest at heart. Ever hear the expression "If the only tool in your toolbox is a hammer, then everything is a nail?" Some Lawyers Malpractice program administrators and companies only sell direct. I guess they don’t like the idea that you may develop a relationship with your local independent agent who might suggest their product, when compared to the competition, may not be the best fit for you. How objective can information be, from a source with only one product to sell? As an independent agent, it’s our goal to offer you choices, and let you decide the best option for your firm.
We’re Local – We're not running a multi-state operation. Our office in Springfield Missouri provides insurance for lawyers in Springfield and Southwest Missouri. Our only concern is providing the best professional liability options and advice we can offer to law firms in our area.
We’re Experienced – We’ve been writing Lawyers Professional Liability for the better part of 30 years. During that time, we’ve seen premiums rise and fall, market conditions change, and companies come and go. We can offer perspective based on experience.
We Do More Than Just Professional Liability – We can handle all the business insurance needs of your law firm, including your Businessowner’s Policy, Workers Compensation, Commercial Auto and Umbrella. We can also assist with Court Bonds including probate bonds, replevin bonds, appeal bonds, notary bonds and others.
It all starts with a completed application. Provide us your contact information, or feel free to pick up the phone and give us a call. We'll get you an application for a company who may be the best fit, based on your firm’s current areas of practice. We may also be able to provide a premium indication from the renewal application with your current plan.