Our experience as Insurance Brokerage of the Royal and Illustrious Bar Association of Zaragoza for so many years, helps us to identify the essential insurances for a lawyer. Today we are going to try to detail what they are and why.
Insurance needs of an attorney
As a general rule, except for lawyers on the payroll of large companies that usually belong to the Legal Department of the same, lawyers:
- are autonomous, or
- mutualists
- Or both!
This means that, as we explained at the time, they suffer from certain of not being employed by others.. 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 undoubtedly shown by the INE statistics.
For this very reason, the need to protect myself better is evident. Not only to better protect my family and myself against these events, but also to protect my assets. At the same time, as I act as an independent professional, if I handle my client’s case badly, I will be liable for the economic damages that I may cause him (here we enter the field of the lawyer’s liability insurance).
The main insurance policies of the lawyer
Let’s take a look at the policies that every lawyer should have:
Liability insurance
As we were saying, in the event of a failure or omission that causes property damage to a client, the client will claim that damage from the lawyer. A good liability insurance will prevent us from putting our assets at risk in these cases, and we will be able to minimize the incident.
Sick leave insurance
Since the contribution base of the self-employed, in the vast majority of cases, is the minimum, lawyers often take out sick leave insurance to supplement this benefit in case one day they have to have an operation, suffer from an illness or simply have a baby. For less than 10 euros per month, they can receive 900 € in case 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, together with the possible damages we may cause to our neighbors.
Likewise, even if we are in a coworking, it is advisable to insure our goods and our civil liability.
We could go on talking about other important insurances that many have subscribed to, and which are complementary to those mentioned above:
- health insurance (to expedite a diagnosis that will allow us to recover and return to work as soon as possible), and
- life insurance for our family or ourselves in case of disability…
However, those that we said are essential and that every lawyer, in order to be at ease at these levels, should have.
If you want us to help you with our group policies at special rates, contact us. You will find the best insurance for lawyers in Zaragoza.
