Services for your Business
We call it Legal Malpractice Insurance. Attorneys call it Peace of Mind.
- Legal Malpractice insurance is essentially a form of Professional Liability insurance.
- Legal Malpractice is the term used for negligence, breach of fiduciary duty, or breach of contract by an attorney during the provision of legal services that causes harm to a client.
- It protects attorneys and their staff when errors are alleged in their specific, specialized day-to-day practices, effecting their customer.
WHAT IS COVERED?
- Protects businesses against lawsuits filed by an outside third-party for:
- Day-to-day work mistakes – If an employee makes a serious mistake and it ends up costing the client time or money.
- Un-delivered or Under-delivered service – A missed deadline costing client time or money or a business over-promises and under-delivers.
- Negligence – The service provided does not meet the industry norms.
- Costs of a claim – Lawyers’ fees, court costs, settlements, judgments, etc.
DO I NEED IT?
- LAW PRACTICES NEED AND USE IT– Although not required by law, over 66% of claims filed are against small firms. There is a 4-17% chance of being sued each year depending on practice area.
- LAWSUITS ARE NOT CHEAP– 22% of Jury awards exceed $1M. An average jury award is $198,878.
WHY CHOOSE ART RISK?
- A BROAD SERVICES OFFERING– With a comprehensive approach toward the clients’ liability insurance, ART Risk takes the burden off the business having to manage multiple insurers/policies, letting them focus on what matters most… day-to-day business.
- EXPERTISE– ART Risk’s knowledge to ensure valued clients are properly covered with a catered policy is the company’s highest priority.
- STABLE OF INSURERS– ART Risk Financial & Insurance Solutions, Inc. obtains multiple quotes to ensure clients are properly covered and competitively priced.
- QUICK TURNAROUND– Depending on the need, a quote can be provided in 48 hours after receiving all information requested and applications, giving clients the ability to choose and bind coverage within 72 hours of starting the process.