I already have liability insurance. Why consider the New York State Bar Association’s plan?
If you already have coverage, it’s advisable that you look at two key features of your Bar Association’s plan: Lateral Hire Coverage and Special Benefits for Sole Practitioners. With Lateral Hire Coverage, attorneys who join your firm will be covered for their prior acts, provided 1) they meet the terms and conditions of the policy and are subject to underwriting approval; and 2) have maintained continuous claims-made coverage while in practice.