Starting a Law Firm? Your Second Legal Malpractice Premium

You’ve made it. You’re nearing the end of that all important first year in business. You’re a success. Things have gone better than you’d hoped.

You know your monthly expenses. Every month you’re working within your budget. You’re able to anticipate bills.

Your legal malpractice premium is going to come due on your first anniversary. Happy Anniversary!

My second year premium jumped 30% over the premium I paid the first year I was in business. Virtually nothing had changed on my application other than I was in business for a year.

The price increase felt significant. I hadn’t budgeted for this. After talking with my agent, this kind of jump in premiums in common.

Be prepared for this anniversary gift.

Ryan McKeen is a trial attorney at Connecticut Trial Firm, LLC in Glastonbury, Connecticut. In 2016, he was honored by the CT Personal Injury Hall of Fame for securing one of the highest settlements in the state. He is a New Leader in the Law. ABA 100. Avvo 10. 40 under 40 for Hartford Business Journal. He has been quoted in Time Magazine, the New York Times, Hartford Courant, Wall Street Journal Law Blog and the Hartford Business Journal. He focuses his practice on Connecticut Personal Injury law. He loves what he does. Contact him or 860 471 8333

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