Could You Be The Next Victim
Of A Lawyer’s Professional
Liability Horror Story?
What you don’t know, could hurt you...

Ugly...but true. A Minnesota lawyer was shocked to discover his trusted partner had allegedly diverted funds from a client to himself.

But that shock turned to horror when he found himself party to a lawsuit – even though he had nothing to do with the incident! Too bad...but the client named both partners in the lawsuit.

The standard response is to file a professional liability claim and let the insurance carrier step in and defend the claim, but there was a catch. He was informed that his malpractice insurance limit was being used to defend both partners. Since they had to have two separate lawyers to protect both of their interests, the cash register was running twice as fast.

The “limit” was running out, and, soon, “outside the limit” the defense costs would start coming out of his own pocket. And, since his limit would be gone, if the judgment were against him any and all damages to the client out of his own pocket!

The Good News: the attorney was not found to be at fault and the entire judgment was charged to his partner.

The Bad News: the attorney spent $151,000 of his own money to defend himself against an allegation in which he was found to be not accountable. This amount doesn’t even reflect lost time or the amount of stress this situation brought about.

These costs could have been avoided!

To protect yourself, get the facts about programs available through the MINNESOTA LAWYERS PROFESSIONAL LIABILITY RESOURCE CENTER that can guard against this and the other common unnecessary, but devastating losses.