Hey, Don Ivol here—stepping away from my desk for a moment to enjoy some unseasonably warm weather. It must be at least 50 degrees out! If you ask Punxsutawney Phil, we should be preparing for six more weeks of winter, but you wouldn’t know it from today’s forecast.

Speaking of our furry weather predictor, I recently read that Phil is right less than 50% of the time. That might be acceptable for a groundhog—or even a meteorologist—but when it comes to your legal malpractice insurance, less than 50% just doesn’t cut it.

If you’re renewing or purchasing a policy this year, whether through me at Integrity First Corporation or another broker, take a moment to make sure you have the coverage you truly need. Here are a few key questions to consider:

1. Are Your Policy Limits Right for You?

Your limits should align with the scope of your practice and the clients you serve. If they’re too low, you may be leaving yourself exposed. Too high, and you could be overpaying.

2. Is Your Deductible Still the Right Fit?

In today’s economy, reassessing your deductible is a smart move. Does it need to be adjusted—higher to lower your premium, or lower to reduce out-of-pocket costs in case of a claim?

3. Is Your Broker Looking Out for You?

A good broker doesn’t just sell you a policy; they walk you through the application process, ensure you understand your coverage, and stay in touch with the carrier on your behalf. If your broker isn’t providing that level of service, it might be time to reevaluate.

Don’t Leave It to Chance

The last thing you want is to take a gamble with your coverage, relying on guesswork like Punxsutawney Phil. Instead, take control and make sure your legal malpractice insurance protects you properly.

Have questions? Need guidance? I’m Don I—your insurance guy. Let’s make sure you’re covered. Give me a call at 412-563-2106.