law firm insurance

A well-run consulting firm with a $1 million E&O policy still found itself facing a six-figure exposure — not from negligence, but from a policy limit that never grew with the firm. This story breaks down the four most common ways professional services firms end up underinsured without realizing it, what employment disputes and data breaches actually cost with and without adequate coverage, and a practical framework for matching your limits to your firm's real risk.

Professional services firms insure the work but rarely the people behind it. This guide explains what key person insurance is, how losing a founding partner or lead expert affects revenue, clients, and lender covenants, why most firms need both life and disability coverage, and how to size the benefit to your real exposure.