Our Team of Risk Specialists are Experts in Providing Legal Malpractice Insurance to Law Firms in NY & NJ. Our experience and market knowledge have earned us a reputation of trust and respect, yet it's our interpersonal, humanistic approach to Legal Malpractice Insurance that truly sets us apart. Scott Jacobson founded Jacobson Professional Insurance in 2011 and currently serves as the president of the agency.
Contact us to receive a free quote.
Contact us to receive a free quote.
Services
Our Team of Risk Specialists are Experts in Providing Legal Malpractice Insurance to Law Firms in NY & NJ.
Scott Jacobson founded Jacobson Professional Insurance in 2011 and currently serves as the president of the agency.
Mr. Jacobson earned a Bachelor of Science Degree in Financial Management from Indiana University-Bloomington.
Following graduation, he worked as a clerk at the Chicago Mercantile Exchange.
When the Mercantile Exchange transitioned to an electronic trading format, Mr. Jacobson followed in his father's footsteps and began working in the insurance industry.
Scott Jacobson founded Jacobson Professional Insurance in 2011 and currently serves as the president of the agency.
Mr. Jacobson earned a Bachelor of Science Degree in Financial Management from Indiana University-Bloomington.
Following graduation, he worked as a clerk at the Chicago Mercantile Exchange.
When the Mercantile Exchange transitioned to an electronic trading format, Mr. Jacobson followed in his father's footsteps and began working in the insurance industry.
Our experience comes from having sold errors and omissions insurance for Fortune 500 brokerages and large regional brokers.
JPI has found ways to blend the best attributes of the insurance industry to benefit all law firms.
With a service first mentality, we strive to educate and allow for the best informed decision.
Our unique business model has proven effective for our clients in reducing premium, strengthening coverage and saving time spent on the tedious application process.
As we continue to grow at a record pace, we are staffing our agency with talented people who believe in our message who are capable of bringing added benefits to your firm.
JPI has found ways to blend the best attributes of the insurance industry to benefit all law firms.
With a service first mentality, we strive to educate and allow for the best informed decision.
Our unique business model has proven effective for our clients in reducing premium, strengthening coverage and saving time spent on the tedious application process.
As we continue to grow at a record pace, we are staffing our agency with talented people who believe in our message who are capable of bringing added benefits to your firm.
At Jacobson Professional Insurance, we know that insurance is not a substitute for risk management.
Rather, insurance is just one component of the risk management practices that every business should employ.
This systematic approach to protecting your firm includes identifying exposures in order to reduce, control, or even eliminate the potential for losses that arise from them.
In doing so, we will position your malpractice insurance policy as your last line of defense against malpractice claims as opposed to your first or only line of defense.
Rather, insurance is just one component of the risk management practices that every business should employ.
This systematic approach to protecting your firm includes identifying exposures in order to reduce, control, or even eliminate the potential for losses that arise from them.
In doing so, we will position your malpractice insurance policy as your last line of defense against malpractice claims as opposed to your first or only line of defense.
Carrying incorrect limits for your practice can be highly detrimental.
Limits that are too low leave your firm exposed to large claims while limits that are too high create wasted premium dollars.
Staggering the per claim and aggregate limits (i.e., $1M per claim/$2M aggregate) will prevent your entire limit from being exhausted due to a single claim.
Your firm's share of damages and claims expenses.
The deductible typically directly correlates with the premium in that a lower deductible will mean a higher premium and vice versa.
Limits that are too low leave your firm exposed to large claims while limits that are too high create wasted premium dollars.
Staggering the per claim and aggregate limits (i.e., $1M per claim/$2M aggregate) will prevent your entire limit from being exhausted due to a single claim.
Your firm's share of damages and claims expenses.
The deductible typically directly correlates with the premium in that a lower deductible will mean a higher premium and vice versa.
Claims Expenses in Addition to Limit of Liability for Policies with Limits of $1 Million or Greater.
Some carriers may eliminate the 50% offset endorsement for claims expenses and replace it with full claims expenses in addition to the limit of liability.
In the event that defense of a claim is needed, most carriers hold sole authority over which firm defends you.
Some carriers, however, offer an endorsement allowing for you to select your law firm of choice (subject to approval by the carrier).
Some carriers may eliminate the 50% offset endorsement for claims expenses and replace it with full claims expenses in addition to the limit of liability.
In the event that defense of a claim is needed, most carriers hold sole authority over which firm defends you.
Some carriers, however, offer an endorsement allowing for you to select your law firm of choice (subject to approval by the carrier).
Reviews
Be the first to review Jacobson Professional Insurance.
Write a Review
