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

Barry Evan Haimo

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Probate Attorney - Fort Lauderdale, FL

Contributor Level 12

Posted over 1 year ago. Applies to Florida, NY, 1 helpful vote


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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