Lawyers must understand that in today’s business environment, professional liability insurance provides a necessary component for any risk management strategy. Even groundless claims can cost thousands of dollars to defend. When looking to purchase professional liability coverage, one decision always comes first. Is it better to work with a Direct Writer or an Independent Insurance Broker?
None of the information provided in the website is a guarantee that insurance will be provided or that the agency is obligated to procure insurance for the website visitor. Misstatements or omissions of relevant information by the applicant can lead to price variation or even declination or rescission of coverage. Brokers can make your life easier in buying an insurance policy that best suits your needs, but working with a broker is not a substitute for your independent review of the policy being considered. In the end, the decision to buy or not buy one policy over another is the buyers decision.