Most lawyers know they should have professional liability insurance—but few truly understand what it actually covers, when it applies, or how it protects them as their firms evolve.

In this episode of The Law Deals Podcast, I sit down with attorney Peggy Hewitt, Resources and Services Manager at Florida Lawyers Mutual Insurance Company, to demystify professional liability (errors and omissions) coverage for law firms. A former trial lawyer and law firm partner herself, Peggy brings firsthand experience from both sides of the profession—practicing law and protecting those who do.

We discuss what lawyers often overlook about “claims-made” professional liability insurance policies, how tail and nose coverage protect you during retirement or firm changes, and why partnership agreements must address insurance obligations.

If you’re planning to grow, transition, or exit your firm, this conversation will guide you in protecting your practice, reputation, and peace of mind.