Learn about business insurance requirements and the most common policies for lawyers in California.
If you have a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by lawyers in California, general liability insurance can protect your business from expenses associated with common mishaps, such as client property damage and injuries.
State law in California requires every small business with employees to provide workers’ compensation insurance, which covers medical bills for work injuries.
The most common policies for lawyers in California vary depending on revenue, client contracts, partnerships, and other factors.
General liability insurance is the foundation of a lawyer’s business protection, with coverage that extends to client injuries, client property damage, and advertising injuries. Most commercial leases require you to have this coverage.
If you own a law firm in California that has employees, you are required to carry workers’ compensation coverage. If you are a sole proprietor, the coverage is optional. However, if you slip and break an arm in your office, or develop carpal tunnel syndrome after years of working on a computer, you can turn to your workers’ comp policy to help pay your medical bills and lost wages.
According to an analysis of Insureon applications, the typical lawyer in California can expect to pay equal to or more than the national median for business insurance.
For example, the median annual cost of workers’ compensation insurance for a lawyer in California is $1,754, significantly more than the national median of $1,054. On the other hand, the median annual premium for a business owner’s policy is $1,000, which is exactly the national median.
Insureon’s industry-leading technology helps lawyers in California save time and money shopping for insurance by comparing policies from top U.S. carriers. Start a free online application to review quotes for the policies that best fit your business. Our insurance agents are licensed in California and can answer your questions as you consider coverage.
To make the application go quicker, have this information ready:
Apply for free insurance quotes for lawyers today.