Lawyers

Legal malpractice insurance, a form of professional liability coverage, protects attorneys and law firms against claims alleging negligence, errors, or omissions in the delivery of legal services. This can include missed filing deadlines, conflicts of interest, inadequate representation, or other failures that result in financial harm to a client. It is a foundational protection for any practicing attorney, regardless of firm size or practice area.

Michigan does not currently mandate that attorneys carry malpractice insurance, though some states do require disclosure to clients when coverage is not in place. Regardless of regulatory requirements, carrying adequate professional liability coverage is widely considered a baseline standard of professional responsibility and sound risk management. Many clients, particularly institutional or corporate clients, will ask about your coverage before engaging your firm.

Premium is typically influenced by firm size, practice areas, claims history, and the limits and deductibles you select. Law firms practicing in higher-exposure areas such as litigation, real estate transactions, estate planning, or securities work will generally see different pricing than firms focused on lower-risk matters. PCIA works with carriers experienced in legal professional liability to find coverage that is both comprehensive and competitively priced for your specific practice profile.

An extended reporting period, commonly called tail coverage, allows you to report claims after your professional liability policy has ended, as long as the underlying work was performed while the policy was active. This is critically important for attorneys who are retiring, winding down a practice, merging with another firm, or switching carriers, because legal malpractice claims can surface years after the work was done. Without tail coverage in place, you could be personally held responsible for services you delivered years ago. PCIA will help you evaluate your options so that there are no gaps in your protection when a policy ends.