CR Insurance Services
United States - Wayne
C&R Insurance Services - When it comes to protecting your assets and defending your reputation, C & R understands that you want experienced professionals with a proven track record representing you. Our management team and agents have amassed over 100 years of combined experience in the field of professional liability insurance.
What insurance quotes are too high for your industry?
To offer comprehensive liability insurance for legal professionals, quotes tend to vary significantly depending on circumstances, such as risk. A high-powered attorney who is exposed to more risk will pay $5,000 to $15,000 per year, on average. On the other hand, a lawyer at a smaller firm who has yet to set foot in a courtroom may only pay $1,000 to $3,000 per year for coverage.
How can people avoid paying too much insurance and be covered?
Many people do not realize that their insurance coverage extends or shrinks depending on their needs. Some choose to pay for more expensive packages, which may include various forms of personal coverage. A small-time lawyer who works at a startup firm, for example, may not require the same level of coverage as a big city law firm and their entire team. A startup firm opting for the same level as a big city firm would be overly expensive and downright foolish, though some do make a mistake out of fear. Take into consideration what will work best for you and your needs.
What mistakes do people make when getting insurance?
When purchasing insurance, many attorneys surprisingly forget to read through the entire contract they are handed. Reading through all of the fine print, understanding the clauses, and ensuring you receive the correct type and amount of coverage are essential to your practice. Another common mistake is over-insuring or underinsuring yourself both can be devastating. You want the exact right amount of coverage for your needs. By getting too little, you risk paying out of pocket during a lawsuit. Get too much, however, and you are only wasting money each year on insurance you dont use.
What type of insurance are you offering?
At C&R Insurance Services, we provide comprehensive liability insurance for lawyers of all kinds. Available throughout New York, New Jersey, and Pennsylvania, our professional liability insurance and risk management services provide claims-free discounts and legal education discounts to qualifying attorneys. Our tools allow legal professionals the ability to fight back against a claim made against their person or their firm.
What are the costs and fees are involved?
When you purchase liability insurance, C&R Insurance Services will detail a quote for you. As an example, our insurance company will look at the number of employees working at the firm, annual revenue, and the impact of the attorneys services. The more high-profile an individual is, the more it will cost to cover them in the event of a liability case or claim brought against them. Most attorneys will pay their annual premium and deductible, and that is all.