Professional liability insurance for business and corporate formation attorneys — entity structuring, governance, and the transactional work where a single drafting error can follow a client for years. Backed by an A+ rated carrier, limits to $5M.
Every practice has its own claim patterns. Coverage is only useful when it's matched to the way your work actually generates risk.
Choosing the wrong entity type, botched operating agreements, or missed filings can create tax and liability consequences a client will trace back to your advice.
Advice on board duties, shareholder rights, and conflicts is fertile ground for claims when a deal or relationship sours.
A missed representation, an ambiguous indemnity clause, or an overlooked closing condition surfaces long after the ink dries.
Hypothetical, generic illustrations — not actual claims, and not a statement of coverage.
A founder later alleges the entity structure the firm recommended created avoidable tax exposure, claiming a different structure would have been materially more favorable.
An ambiguous buy-sell provision in an LLC operating agreement leads to litigation between members, who allege the drafting attorney failed to address a foreseeable deadlock.
A required state filing is overlooked, and the client alleges the lapse resulted in loss of good standing and a stalled financing round.
Scenarios on this page are generic, hypothetical illustrations of the kinds of allegations that can arise in this practice. They are provided for educational purposes only. They are not descriptions of actual claims and are not a representation that any particular claim is, or would be, covered. Whether any claim is covered depends entirely on the facts and the terms, conditions, and exclusions of the issued policy.
Coverage for corporate & business formation attorneys is underwritten by a carrier rated A+ (Superior) by AM Best, with limits up to $5 million and deductibles as low as $2,500. Defense-cost options can sit outside your limit — so defending a claim doesn't erode the protection you bought.
Coverage placed with a carrier rated A+ (Superior) by AM Best.
Meaningful limits for firms of one to twenty attorneys.
Additional defense-cost options that can sit outside your limit.
Talk to a person at 1-855-348-7475, not a call tree.
Corporate and business formation is a core target practice area for this program. Whether your firm handles startups, entity conversions, M&A support, or ongoing corporate counsel, coverage is written for transactional risk.
Lawyers professional liability insurance — also called legal malpractice or errors & omissions insurance — protects attorneys against claims that an error, omission, or act of negligence in their professional work caused a client financial harm. For corporate & business formation attorneys, the specific exposures above drive the frequency and severity of claims, and the policy responds to both the cost of defense and any damages owed.
Nearly all legal malpractice coverage is written on a claims-made basis, meaning the policy responds to claims first made during the policy period for work done after your retroactive date. Continuity matters: predecessor firm coverage and prior-acts protection preserve coverage for work your firm has already performed. For a practice with a long claims tail, that continuity is especially important.
The financial strength of the carrier behind a professional liability program matters. This program is backed by a carrier rated A+ (Superior) by AM Best, the second-highest of AM Best's financial strength ratings. Coverage terms are governed solely by the issued policy.
A+ rated professional liability for firms up to 20 attorneys, nationwide. Start your quote in minutes.
