Insurance for lawyers in New York

Learn about business insurance requirements and the most common policies for lawyers in New York.

Which insurance policies are required for lawyers in New York?

If you have a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by lawyers in New York, general liability insurance can protect your business from expenses associated with common mishaps, such as client property damage and injuries.

State law in New York requires every small business with employees to provide workers’ compensation insurance, which covers medical bills for work injuries. Businesses that own a vehicle must purchase commercial auto insurance and meet state requirements for auto liability coverage.

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What are the most common insurance policies for New York lawyers?

New York lawyers most often buy these insurance policies. You may need some or all of these policies depending on the specifics of your business, such as the number of employees and requirements outlined in contracts and leases.

Business owner's policy (BOP)

Small law firms often qualify for a business owner’s policy. This package helps your business save money by bundling commercial property insurance with general liability at an affordable rate.

General liability insurance

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.

New York workers' compensation

If you own a law firm in New York that has employees, you are required to carry workers’ compensation coverage. If you are a sole proprietor, the coverage is optional but recommended. If you slip and break an arm in your office, or develop carpal tunnel syndrome after years of working on a computer, workers’ comp would help pay for medical bills and partial lost wages.

Commercial auto insurance

Commercial auto insurance is required for business-owned vehicles, while hired and non-owned auto insurance (HNOA) covers vehicles that your business uses but does not own. This policy covers the cost of accidents involving a law firm's vehicle, including property damage and medical expenses.

Cyber liability insurance

Cyber liability insurance helps lawyers survive costly data breaches and cyberattacks. This policy can help pay for client notification costs, credit monitoring services, and other related expenses.

How much does insurance cost for New York lawyers?

The typical lawyer in New York can expect to pay less than the national median for some types of business insurance and more than the national median for other types, according to Insureon's customer data.

For example, the median annual cost of general liability insurance for a New York lawyer is $775, more than the national median of $633. On the other hand, lawyers in New York pay a median annual premium of $631 for workers’ compensation insurance, much less than the national median of $1,054.

Median insurance costs for New York lawyers.

Save time and money with Insureon

Insureon’s industry-leading technology helps lawyers in New York 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 New York and can answer your questions as you consider coverage.

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