Lawyers professional liability coverage

Term · Insurance and risk management · MLC-T-INS-001968

An errors and omissions insurance policy that protects attorneys and law firms against claims of negligence, errors, or omissions in the performance of their professional services. The coverage responds to financial losses suffered by clients resulting from the lawyer's alleged failure to meet the required standard of care. Policies are written on a claims-made basis, meaning the policy in effect when the claim is filed must respond, not the one in effect when the error occurred.

Table 1. Record
Identifier	MLC-T-INS-001968
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001968",
  "term": "Lawyers professional liability coverage",
  "field": "Insurance and risk management",
  "definition": "An errors and omissions insurance policy that protects attorneys and law firms against claims of negligence, errors, or omissions in the performance of their professional services. The coverage responds to financial losses suffered by clients resulting from the lawyer's alleged failure to meet the required standard of care. Policies are written on a claims-made basis, meaning the policy in effect when the claim is filed must respond, not the one in effect when the error occurred.",
  "url": "https://mlchart.com/terminology/insurance/lawyers-professional-liability-coverage/"
}

Record 1,878 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.