Law firms are no different from other businesses with a physical location – facilities are subject to damage from severe weather
, electrical outages, and criminal break ins.
Beyond all the physical assets, your expertise and that of your staff is your firm’s most valuable asset. If people can’t perform due to health or disability issues, your business will suffer.
Look into a Business Owner’s Policy – a single premium policy that bundles general liability with property coverage and which can be customized with additional endorsements, such as cyber liability and loss of business income.
Make sure you and your employees are suitably covered with health insurance, disability coverage, and other important employee benefits.
Do your homework and investigate enhanced insurance solutions designed for law firms that can reimburse you for actual loss of earnings when your firm is shut down due to a covered event.