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I carry malpractice and/or liability insurance. Is that enough to protect my assets?

Posted by attorney Barry Haimo

Malpractice insurance is the first line of defense with respect to liabilities deriving from you providing professional services. However, there is a limit to the coverage you can enjoy, and often insurance companies find ways to avoid paying. Since insurance coverage is limited to the purpose for which it is obtained (such as professional malpractice), and creditors can still attack your personal assets, it's important to engage in asset protection planning with an attorney that focuses exclusively on that area.

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