Friday, December 2, 2011

Just Starting Out

This is it.  My first line of my first post on my first blog.  I hope I don't screw it up!  Starting something new can be difficult.  It can be scary, exciting, frustrating, and rewarding.  Much like this blog, if you find yourself starting something new you will probably feel these same emotions.

In my line of work I deal with lawyers and law firms.  I help them secure the insurance coverage's that they need to protect their firm's and their livelihoods.

If you are starting a new firm, as is the case quite often these days, you will now be the attorney in charge of securing the insurance for your practice.  If you were formerly at a larger firm this is something that was probably taken care of by the partners, or the office manager. You never needed to worry about being covered, you just always assumed you were.  Now that you're on your own, things are different.  Your livelihood is in your hands!  You're now a business owner and one of the biggest priorities of any business owner is securing insurance to protect the investment that you have made in your self and your practice.

When starting a new practice first and foremost make sure to obtain professional liability insurance to protect yourself and your firm from any potential malpractice claims.  Talk to an informed agent that knows about this type of coverage, to determine the right limits and coverage options that are right for your firm.

You will also need to obtain a Business Owners Policy (BOP) to protect the property and liability of your work space.  Depending on the size of your practice you may need a workers compensation policy, an employment practices liability insurance policy,or health insurance policies to protect yourself and your staff.

Starting out a new firm can be very daunting, but it can be very rewarding too.  Just like this blog entry, I guess all you need to do is get started!