Lawyers

Attorneys carry significant professional responsibility, and a single malpractice claim — even a frivolous one — can be financially devastating without proper coverage. Legal malpractice claims can arise from missed deadlines, errors in legal documents, failure to advise, conflicts of interest, or simply a client who is unhappy with the outcome of their case. The cost of defending against a claim, even one that is ultimately dismissed, can run into tens of thousands of dollars. Beyond professional liability, law firms also face significant cyber risks. Attorneys handle highly confidential client information, and a data breach or ransomware attack can expose your firm to regulatory penalties, client claims, and reputational damage. Employment practices liability is another concern for firms with staff — claims of discrimination, harassment, or wrongful termination are increasingly common in professional service environments. Gillespie Insurance Agency understands the specific needs of solo practitioners, boutique firms, and larger practices in Central New York. We work with you to identify your exposures and build a program that protects both your professional and business interests.

Lawyers professional liability (LPL) insurance, also known as legal malpractice insurance, is the cornerstone of any law firm insurance program. It covers claims arising from errors, omissions, and negligence in the delivery of professional legal services. Coverage limits and deductibles should be carefully matched to the size and risk profile of your practice. In addition to professional liability, most law firms need a business owners policy (BOP) that combines general liability and commercial property coverage. If your firm has employees, workers compensation and disability benefits are required under New York law. Cyber liability insurance is increasingly essential given the sensitive data attorneys manage. Employment practices liability coverage protects against employee claims of discrimination, harassment, and wrongful termination. For firms that handle client funds in trust accounts, a fidelity bond or employee dishonesty coverage provides an additional layer of financial protection.

At Gillespie Insurance Agency, we specialize in building insurance programs for professional service firms. We understand the unique liability landscape that attorneys navigate, and we work with specialty carriers that underwrite legal malpractice coverage on a daily basis. As an independent agency, we can shop your program across multiple markets to find the best combination of coverage and price. We also understand that attorneys are busy. We make the insurance process as efficient as possible — from the initial application to certificate delivery and policy renewals. When you have a question or need a certificate, we pick up the phone. Contact us at (315) 252-0694 or visit our Auburn, NY office. We are happy to review your current program and identify any gaps or savings opportunities.