Renewal jungle: Trends in the US professional liability insurance market

Mid-sized US law firms are struggling to make sense of current trends in professional liability insurance, says Thomas Berman

25 Nov 2013

For most mid-sized US law firms, their experience of professional liability insurance over the past four to five years has done nothing to dispel the confusion surrounding premiums and coverage. While the marketplace has been soft for some, for others the ability to get and keep solid coverage with prior acts and a reasonable deductible has been a very difficult proposition.

The confusion over the issue of lawyers' professional ?liability insurance includes coverage questions, rate structure/rationale and, of course, premiums. However, even among insurance brokers, underwriters and law firm advisers, there ?is confusion (and consternation) involved in appraising the ?current market environment.

In prior tim...

Want to read on?

This article is part of our subscription-based access. Please pick one of the options below to continue.
Already registered? Login to access premium content

Single User

  • - 10 issues a year delivered to you
  • - Digital edition of the magazine
  • - Access to premium content
  • - Access to the SJ Archives
  • - Weekly email newsletter
  • - Access to the SJ community online
  • - Advanced search feature
  • - Online support
  • - Access to SJ app- coming soon!
  • - 6 special focuses per year
  • - Special offers on SJ and IICJ events

Corporate User

The Corporate IP Licence is tailored to your firm, making it the most cost effective way for the firm to access Solicitors Journal, and enables the firm to remain compliant with copyright and our Terms and Conditions. This gives you the ability to print and circulate articles within the firm.

To enquire about a Corporate IP Licence for your firm, please contact our Subscriptions Manager on