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Benefits of Lawyers Insurance

Policy For One And All

The policy will indemnify the lawyer, notary, legal consultant and law firm across India and abroad for loss up to the sum insured for any claim, as per the policy document, during the policy period.

Comprehensive Cover

Protect against failure to comply with deadlines, errors and omissions in litigation and providing inaccurate advice, loss or breach of confidential documents, failure to deliver the service agreed upon and conflict of interest. For instance, if a lawyer fails to file a paper within the deadline, resulting in loss of his case, the lawyer can insure against liability for error and omissions claims.

Retroactive Settlements

The policy offers a benefit of Retroactive period on continuous renewal of insurance whereby claims reported in subsequent renewals but pertaining to earlier periods after first inception of the policy, also become payable.


Complete Support

The insurance will pay for the cost of litigation, court fees and out-of-court settlements. Additionally, there will be timely reminders to clients when their renewals are due to avoid policy lapse and follow up on pending claims against the firm.

Quick Guide to Lawyers Insurance

What is Professional Liability Insurance for lawyers?

Professional liability insurance for lawyers is a type of insurance that provides protection to lawyers or law firms against claims of negligence, misconduct, or wrongful actions made by their clients. It covers the legal costs of defending against such claims, as well as any damages that may be awarded to the client.


Professional indemnity insurance is designed to protect lawyers from financial losses that may arise due to errors or omissions in their professional work. It can provide coverage for claims arising from mistakes such as missing deadlines, providing incorrect advice, or breaching a client's confidentiality.


In general, Professional liability insurance for lawyers are tailored to the specific needs of the legal profession. They are typically provided on a claims-made basis, which means that claims made during the policy period are covered, while claims that arise after the policy period has ended are generally not covered. However, claims pertaining to incidents of negligence and malpractice are not covered under the policy.

Why do Lawyers need Professional Indemnity Insurance?

The legal profession involves complex legal matters that require extensive knowledge and expertise.


Lawyers face a challenge in the current socio-economic environment due to the increasing potential of the corporate legal world. This is driven by various factors, such as the growing dependence on professional advice, the complexity of their work, and a heightened awareness of legal rights.


Further, lawyers often handle multiple cases simultaneously, increasing the chances of errors or omissions. Even a small mistake or misinterpretation of the law can have serious consequences for clients, leading to potential legal claims.


A Professional liability insurance for lawyers and law firms provides protection to them against such risks, enabling them to focus on their work without worrying about potential liabilities.


Lawyers insurance can provide peace of mind to legal professionals by allowing them to focus on their work without worrying about the potential risks and liabilities. It can also enhance their credibility and reputation in the eyes of clients, who are more likely to trust lawyers who have taken steps to protect themselves and their clients.

What Kind of Coverage Lawyers Insurance Provide?

Professional liability insurance for lawyers and law firms is provided by certain insurance companies. Professional indemnity insurance for lawyers and law firms will provide relief to your law firm by covering expenses such as: -


  • Professional negligence : Claims made by clients for financial losses that they may have incurred as a result of your negligence, errors or omissions while providing legal advice.

  • Legal defense costs: In case an attorney from another law firm is hired to handle the case, attorney’s fee, expert witness fee, etc.

  • Settlements: Out of court settlement cases where the insured may still be required pay settlement amount.

  • Loss of documents: Any losses arising from the loss or destruction of documents, whether it is your own or your client's.

  • Administrative costs: Miscellaneous expenses like any software, filing charges, photocopy charges, shipping/courier fees, etc.

  • Court costs: Costs incurred while filing documents and other related legal services at the court.

  • Judgments: Financial support in case the lawyer loses the trial and had to make settlement payment as per court judgment.

  • Fraud and dishonesty:Claims for fraud or dishonesty committed by you or your employees.

  • Libel and slander: Claims for libel and slander, as well as defamation, arising from statements made by you or your employees in the course of providing legal services.

  • Cyber liability: It covers claims arising from data breaches, cyber-attacks, or other cyber-related incidents that result in financial losses to your clients.

  • Overall, a Professional Indemnity Policy for Lawyers provides crucial protection against a wide range of risks that lawyers may face in the course of providing legal services.

What is Not Covered in Lawyers Insurance Policy?

Although lawyers' insurance or Advocates Insurance covers a broad range of activities, it does have limitations. Some actions may fall outside the insurer's coverage or control, which are typically referred to as exclusions. Some examples of exclusions are:

  • Liabilities which arise due to criminal acts, fraudulent activities
  • Act of Dishonesty
  • Services rendered while under the influence of drugs or alcohol
  • Fines and exemplary damages
  • Claims made by one policyholder against another policyholder within the same legal firm.
  • Claims where the policyholder knew or had foreseen it at the inception of the policy, but failed to inform the insurer
  • Liabilities to third parties or losses resulting from war and nuclear hazards
  • Given the possibility of being sued for any errors or omissions in their professional duties, lawyers should consider obtaining professional liability insurance to protect their interests.

How Much Does a Lawyer Insurance Cost?

There is no one-size-fits-all answer to the question of how much lawyers insurance costs. The amount you will need to spend on coverage will depend on a number of factors, including the size and scope of your practice, the location of your office, the type of clients you serve, and the amount of coverage you require.


The aforementioned factors indicate that several variables can affect the yearly premium of a lawyer's professional indemnity. While reducing coverage may seem like a cost-saving measure, it is only recommended after considering its potential consequences.


Professional indemnity insurance policies are issued according to the limits requested by law firms. The amount per claim will directly impact the premium. The extent of coverage selected for a professional indemnity insurance policy determines the premium rates, with higher coverage resulting in higher premiums


To make an informed decision about purchasing an indemnity policy, take into account the factors mentioned above. For more information or a personalized risk assessment for your firm, consider visiting SecureNow for top-notch assistance available at your fingertips.


What are the Key Determiners of the Premium of Professional liability insurance for lawyers?

The following factors can significantly impact the cost of Lawyers and Solicitors professional indemnity insurance and potentially hinder the company's ability to secure professional indemnity protection in the future.

  • Area of Practice : A lawyer's area of practice can impact the cost of professional indemnity insurance due to varying levels of risk associated with different legal fields, with higher-risk areas typically resulting in higher premiums.

    For example, conveyancing that can continue to go for years, will certainly increase the cost of solicitors’ professional indemnity insurance.


  • Claim History: Before issuing a policy, an insurer will check the lawyer’s claim records for the past five or ten years to estimate future incidents. The frequency and size for past claims will impact the premium

  • Deductible Amount: Selecting a high deductible limit can lower a law firm's premium costs, but it also entails that the firm will have to pay a significant portion of any settlement amount out of pocket before the insurer covers the remainder of the claim

  • Practice Hours: The employment status of a lawyer, whether full-time or part-time, is a crucial factor in determining the premium for their professional indemnity insurance policy. Insurers typically offer significant discounts to part-time or limited-hours lawyers. Full-time lawyers who want to reduce their premium costs should consult with their insurer to explore the potential impact on their coverage.

  • Type of policy opted: Most professional liability insurance policies belong to one of the following variants: Claims-made & Occurrence.Occurrence policies have specific effective dates and cover all claims that arise during the policy period, irrespective of when the insured notifies the insurer about the claim.Claims-made policies provide coverage for claims that arise after the retroactive date of the insurance policy, regardless of the policy's effective dates. Typically, claims-made policies are more expensive than occurrence policies.

  • Policy Limit: Professional indemnity insurance policies are tailored to the coverage limits requested by law firms, with the amount per claim directly affecting the premium. The extent of coverage chosen for a professional indemnity insurance policy determines the premium rates, with higher coverage resulting in higher premiums

What are the benefits of Professional Liability Insurance for Lawyers?

Premium lawyer insurance will help pay for the defence costs and indemnity payments incurred in resolving claims filed against the lawyer or company. Such claims should allege specific conduct, errors, or omissions done while providing legal services. The following are some of the important advantages of legal malpractice insurance:

  • Provides financial security : A lawyer's business may face disruptions due to financial losses resulting from lawsuits. Nonetheless, if the lawyer or the law firm has insurance, all such expenses will be covered by the insurance provider.

  • Relieves the mind from additional burden: Having liability insurance can boost a lawyer's confidence and enable them to perform their duties with greater effectiveness. Without such an insurance cover in place, the lawyer would be constantly burdened with thoughts of being held liable for the negligence of any kind.

  • Increases inflow of clients: There are individuals, especially government officials, who favor hiring lawyers that carry professional liability insurance. With the rise of globalization, law firms have expanded their services to both domestic and international clients. In fact, some countries mandate that legal practitioners acquire professional liability insurance from the outset.

  • Helps run operations smoothly:Frequent client claims could be a sign that the lawyer or law firm's services are declining, and clients are highly dissatisfied. These claims, arising from errors or omissions, could result in substantial financial losses and disruptions to the business operations of the lawyer or firm.

Professional liability insurance helps to recover the previous financial state after incurring damages from ongoing legal proceedings.

How to Buy Insurance for Lawyers?

Professional indemnity insurance for lawyers and legal professionals can be purchased online from SecureNow by following the simple steps outlined below:

  • Visit  www.securenow.in, select ‘Profession’, then ‘Lawyers'
  • Fill your contact details and click on ‘Next’
  • We will call you back, share the proposal form, payment link/NEFT details
  • Policy copy will get issued instantly at your registered email id once you are done with making the payment

Lawyers Insurance FAQs

Lawyer’s professional indemnity insurance provides protection against litigation related to errors and omissions, negligence or failure to deliver the service agreed upon. It safeguards the lawyers interest.
Lawyer’s professional indemnity insurance can be taken by lawyer, notary, legal consultant and law firm from various specialization or field of their expertise across India and abroad.
The duration of lawyer indemnity insurance scheme is typically 1 year, after which the policy can be renewed to avail protection against liabilities.
Apart from lawyers, other entities that should consider buying lawyers' indemnity insurance policies include attorneys, solicitors, barristers, legal consultants, notaries, and law firms both in India and abroad.

Insuropedia

A Guide to Lawyers’ Indemnity Insurance

Those professionals whose job is to help their clients in legal cases can find themselves in troubles if when a lawsuit is filed against them. In today’s world, lawyers who impart skillful advice and services to people can be sued for negligence, errors and omissions on their part and the cost of which can hefty.
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4 Situations When Your Lawyers Professional Liability Insurance Will Help You

Did you know, a case was filed against the lawyer in Bihar who sued the popular Hindu God Ram for leaving his wife, Sita? Though the court rejected the lawyer’s plea; many other lawyers had filed a case against that lawyer for hurting the religious sentiments.
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What is professional indemnity insurance?

Professional indemnity insurance, popularly known as PI Insurance or professional liability insurance (PLI), offers coverage to professionals like consultants, lawyer, architects, doctors etc against the error and omission claims filed by a third party i.e. clients.
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Why SecureNow?

Deep Product Knowledge

We have specialized underwriters and tie-ups with international experts.

Cost-effective Insurance

We work with all insurers to get you the best options- both in terms of price and features.

Quick Turnaround Time

Cover notes are issued within hours of request. This documentation is sufficient for any contractual requirement.

Strong Claims Support

We manage all aspects of your claim - from preparing documentation to follow-up with the insurer.

Value-Added Services

We will advice you on risk management best practices

Policy Administration System (PAM)

See all your contracts and renewal information in one place. Place service requests on PAM.