Our experience as Insurance Brokerage of the Royal and Illustrious Zaragoza Bar Association for so many years, it helps us when it comes to identify the essential insurances for a lawyer. Today we will try to break down what they are and why.
Insurance needs of a lawyer
As a general rule, with the exception of lawyers on the payroll of large companies who usually belong to their legal department, lawyers:
- are self-employed, or
- mutualists
- Or both!
This means that, as we explained at the time, they suffer from certain the disadvantages of not being an employed person. We are talking in terms of benefits for temporary sick leave, widow's or widower's pension or retirement, which are lower in the vast majority of cases. This is what the INE statistics show, without a doubt.
For this very reason, the need for better protection is obvious. Not only to better protect myself and my family against such events, but also to protect my assets. At the same time, as I act as an independent professional, if I handle a client's case badly, I will be liable for any financial damage I may cause him (this is where the lawyer's liability insurance comes in).
The lawyer's main insurances
Let's take a look at the policies that every lawyer should have:
Liability insurance
As we said, in the event of a failure or omission that causes financial damage to a client, the client will claim this damage from the lawyer. Good insurance of civil liability will prevent us from putting our assets at risk in such cases, and we will be able to minimise the incident.
Sick leave insurance
Because the contribution base for the self-employed is, in the vast majority of cases, the minimum, lawyers often take out sickness insurance to supplement this benefit in case they have to have an operation, suffer from an illness or simply have a baby. For less than €10 a month, they can receive €900 in the event of sick leave.
Office insurance
Nowadays we see multiple figures: “coworking”, work from home... but the most common is still to have our office in an office (either our own or integrated in an office). It is essential to insure our furniture and computer equipment, along with the possible damages we may cause to our neighbours.
Likewise, even if we are in a coworking space, it is advisable to insure our goods and our civil liability.
We could go on and on about other important insurances that many have taken out, and which are complementary to those mentioned above:
- health insurance (to expedite a diagnosis so that we can recover and return to work as soon as possible), and
- LIFE INSURANCE for our family or ourselves in case of disability...
However, these are the essential ones that every lawyer, in order to have peace of mind at these levels, should have.
If you would like us to help you with our group policies at special rates, contact us. You will find the best insurance for lawyers in Zaragoza.
