Law firms Commercial Risk, Bluestone Advisors

Law firms

BlueStone Advisors is a full service brokerage firms for our law firm clients. As a one-stop-shop we will handle the professional liability, network security, employee benefits, key man as well as personal insurance for the partners of the firm.

The exposures for law firms have evolved over the past 10 years. Law firms collect a large amount of client information, which can often be accessed from mobile devices and cloud storage systems. Because of this, Law Firms are considered a target for hackers. The insurance industry continues to evolve and provides specialized products to keep up with today’s exposures for Law Firms. BlueStone Advisors will obtain the broadest coverage at the most competitive rates available in the industry.

Key Risks to Protect Against

Based on claim data compiled by the insurance industry, the unique risks to protect against associated with the legal industry are:

  • Professional Liability
  • Network Security/Privacy Breach
  • Employment Practices Liability
  • Partnership Disputes
  • Wrongful Termination
  • Employment Disputes
  • Management Liability

Claim Scenarios

Partnership Claims

You develop enterprise labor force software to integrate with a client's HR and payroll systems. You fall behind in delivering the work, resulting in missed milestones and nonfunctioning project modules. You contend that the client repeatedly changed the size and scope of the project. Ultimately, the client fires you and files a lawsuit, seeking to recover lost profits due to the disruption.

Third Party Claims

Your employee's company laptop is stolen from his home. The laptop contains private financial information of your customers. Your customers sue you for damages resulting from your failure to protect their private financial information.

Employment Claims

You place photos and content on a website that you designed, developed and host for a client. The client provided you with the photos and content to use for the website. The website material that your client claimed he owned was copyrighted and trademarked by another company. The company sues your client and you, contending you are liable for damages caused by unauthorized use of the copyrighted material.

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