Celebrating 10 years! 2007-2017

Malpractice insurance rates for PI attorneys?

Any input is appreciated. I don't pay my premiums now but mi tcpaul11/18/18
Bump. Surely some PI attorneys in here pay their own premium tcpaul11/21/18
PI attorneys do not pay malpractice insurance premiums. No m trickydick11/22/18
Useful. tcpaul11/22/18
Depends on years of practice on your own. Your first year wi alphadog1511/22/18
Thanks. When you says "office's rate" do you mean the policy tcpaul11/22/18
7 attorneys. Lots of matters, mostly T&E. alphadog1511/23/18
Depends on age and if you've ever been sued or have bar comp fettywap11/22/18
tcpaul (Nov 18, 2018 - 9:16 am)

Any input is appreciated. I don't pay my premiums now but might soon. Curious to know what other PI attorneys pay and what area of the country you're in. Thanks!

Reply
tcpaul (Nov 21, 2018 - 11:21 am)

Bump. Surely some PI attorneys in here pay their own premiums.

Reply
trickydick (Nov 22, 2018 - 6:30 am)

PI attorneys do not pay malpractice insurance premiums. No more than arsonists pay premiums for fire insurance.

Reply
tcpaul (Nov 22, 2018 - 7:33 am)

Useful.

Reply
alphadog15 (Nov 22, 2018 - 7:38 am)

Depends on years of practice on your own. Your first year will be relatively cheap as it’s presumed you have no or few clients to sue you, and gets more expensive as the years go by.

My office’s rate for $1mm started at $2500 per year and is now at a around $7k (with no claims history).

I also have my own personal policy which I bought last year for $500k if coverage, cost me $1200 for first annual premium.

Check your local bar association, that’s where I got my policy.

Reply
tcpaul (Nov 22, 2018 - 8:12 am)

Thanks. When you says "office's rate" do you mean the policy covers all attorneys in your office? If so, how many attorneys do you have and how many matters? Much appreciated.

Reply
alphadog15 (Nov 23, 2018 - 6:56 pm)

7 attorneys. Lots of matters, mostly T&E.

Reply
fettywap (Nov 22, 2018 - 9:46 pm)

Depends on age and if you've ever been sued or have bar complaints. I used to pay about $1200 a year a few years ago.

Reply
Post a message in this thread