Coverage for New Practices
Lawyers Professional Liability Insurance: Understand how purchasing coverage through OAMIC can provide you with peace of mind while opening your own practice.
Starting your own law practice can be both exciting and challenging, but it’s important to take steps to protect yourself from potential legal risks. One key way to do this is by acquiring professional liability insurance, which can offer peace of mind and financial protection in case of legal issues.
Read our blog for practical tips on starting your own practice and the importance of insurance. Whether you’re a recent law school graduate or a seasoned attorney looking to strike out on your own, this blog is a must-read to establish a successful and sustainable law practice.
Policy Features
Our core focus is Lawyers Professional Liability insurance, also known as “errors and omissions insurance” or “legal malpractice insurance,” for Oklahoma Bar members in private practice. Our coverage includes acts or omissions for legal services rendered by the firm.
You deserve simple, straightforward coverage that is custom-created for you and your firm. Our policy, which provides broad coverage, is clearly written and created with your firm’s needs in mind. Watch our video or read below to learn more.
Limits
Starting with $100,000 per claim, up to $15,000,000 per claim
Prior Acts Coverage
Available upon approval
Deductible
Options beginning at $1,000
ERE/Tail Coverage
Options available for 1 year, 3 years or unlimited
Claims Expense Allowance
Beginning at $50,000 annual, in addition to your policy limits
Of Counsel
Coverage Available
Worldwide Coverage
Policy applies to acts, errors, omissions occurring anywhere
