Eagle Harbor Insurance for Lawyers, Attorneys and Law Firms

Don't underinsure to get a reduced premium. If you skimp now, you could really pay later. A lower limit means less financial protection when a loss occurs.

Don't hide or misrepresent unusual risks from your agent . Sometimes a failure on your part to disclose a risk can result in a denial on the part of the insurance company to cover a loss. Better to know you're protected now, than find out later you're not.

Don't assume your business' theft coverage will extend to the personal property, tools, or equipment used by your employees. Make sure your policy includes provisions for theft of employees' tools.

Don't assume that "malpractice insurance" is only for doctors and lawyers. These days, almost any professional can be sued for something they did or didn't do.

Don't skimp on errors and omissions coverage if your business needs it. While these types of claims may be few in number, they're often huge in impact. Just one professional liability lawsuit can wipe out an entire business.

Don't overlook the policy's "exclusions." It's just as important to know what you're not covered for as what you are. Be sure to ask your agent about standard policy exclusions and whether specialty insurance is available.

Don't just focus on reducing the cost of your insurance. Look for ways to reduce the likelihood of losses. Remember, your renewal insurance premiums will typically be based on your loss history. So the best ways to control your ongoing costs is to limit your yearly losses.