Beazley Group, an insurer of lawyers' professional liability, has announced that it is now offering new insurance coverage and risk management resources tailored to the needs of regional law firms.
Beazley has said that choosing the right professional liability insurer is a critical business decision for a regional law firm. Claims can be severe and protracted, threatening a firm’s reputation as well as its financial health. Claims severity and attendant rising defense costs continue to be major concerns for law firms.
Tim Rowan, an underwriter at Beazley, said: We have built our business on the understanding that each law firm is unique. With our long experience in this class of business, we know what drives risk and can offer broad coverage, competitive pricing and responsive service to meet the demands of our clients.