Malpractice Insurance for the New Lawyer

Jay Foonberg candidly speaks to the (new) or seasoned lawyer, and beseeches all of us to accept two facts about malpractice insurance.

He writes:

Accept Two Basic Facts:

1. You are responsible for malpractice, even if you did someone “a favor,” and did not charge or collect a fee;

2. At some time during your career, you will be sued for malpractice.

Whether you want to call it “errors and omissions” or malpractice” or “professional negligence,” it is the insurance that protects you, your clients, and third parties when you get sued.

Foonberg wrote the juicy new lawyer’s “Bible,” How to Start & Build a Law Practice. His book is available in the Cooley Bookstore, or online at the ABA webstore.