So You Want To Open Your Own Law Firm...

...perhaps you've been working at the same law firm for over 20 years and want to be your own boss. Or, you are a recent law school graduate with an entreprenuerial spirit.  Either way, you are thinking of officially going out on your own and you realize there is a LOT to know about running your own business.  As neighbors and members of the San Bernardino County Bar Association, ISU Barich Insurance Agency can assist with all of your insurance needs as you focus on building a successful law practice.  Here is a breakdown of the different types of insurance you should consider:

Commercial Property, General Liability, Commercial Premises Liability:  Business Owners Policy (BOP)- package to cover all of these needs- packages start at $500 for an annual premium. 

Workers Compensation and Employers Liability:  Required if you have employees- low risk field so average cost ranges from $.65-$.90/$100 of payroll.

Professional Liability:  Errors and Omissions Insurance.  Typical limits for a new, solo practitioner are $100K per claim/$300K aggregate starting with a minimum $500 annual premium.  We have access to 25+ carriers in order to get you the most competitive premium!

Umbrella Policy: Extends liability coverage for an additional layer of insurance to further protect business assets.

Health Insurance:  Individual and Family plans, Medicare, or Group plans if you have employees.  *MDLive Prime available at a discount for members*

Life Insurance and Long-Term Care:  Protect your family and business assets.

401(k):  An option to set up for retirement.

Personal Insurance:  Including Personal Umbrella, Homeowners, Auto, Renters, Condo, Flood, Earthquake, and high valued Personal Property.

Give us a call today at (909) 793-9683 to get started!

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