...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:
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.
401(k): An option to set up for retirement.
Give us a call today at (909) 793-9683 to get started!