Protecting Your Law Firm in New Hampshire: A Guide to Insurance

Yes, many insurance providers offer same-day coverage. However, you will need to provide complete and accurate information about your law firm, including its revenue, payroll, and claims history. You should also be prepared to pay the premium upfront. Some insurance providers may also offer expedited processing for an additional fee. You should check with your insurance provider to see what options are available.

Possibly, adding a second attorney to your firm may increase your premium, depending on the attorney's level of experience and the firm's overall revenue and payroll. However, some insurance providers may offer discounts for firms with multiple attorneys. You should check with your insurance provider to see how adding a second attorney will impact your premium. You may also want to consider shopping around to compare quotes from different providers.

Yes, even as a sole proprietor, you still need Professional Liability insurance to protect yourself against claims of negligence or other professional mistakes. Many clients and corporate legal departments require sole proprietors to have malpractice insurance before retaining their services. You should check with your clients and potential clients to see what their requirements are. You may also want to consider purchasing a Business Owner's Policy (BOP) that includes Professional Liability insurance.

A standard Professional Liability policy typically does not cover intentional acts, such as fraud or theft, or claims related to employment practices, such as discrimination or harassment. You may need to purchase additional coverage or endorsements to protect yourself against these types of claims. You should check with your insurance provider to see what is included and excluded from your policy. You may also want to consider purchasing a separate Employment Practices Liability insurance policy.

Yes, you can typically cancel your insurance policy at any time, but you may be subject to a penalty or cancellation fee. You should check with your insurance provider to see what their cancellation policies are. You may also want to consider shopping around to compare quotes from different providers before canceling your policy. Additionally, you should ensure that you have alternative coverage in place before canceling your policy to avoid a gap in coverage.

You should contact your insurance provider to add a new vehicle or employee to your existing policy. You will need to provide information about the new vehicle or employee, including its value or their job duties and salary. Your insurance provider may also require you to pay an additional premium or endorsement fee. You should check with your provider to see what their procedures are for adding new vehicles or employees to your policy. You may also want to consider reviewing your policy to ensure that it still meets your firm's needs.