Professional Services
Protecting your practice & reputation
Law firms, accounting firms, and other professional advisors operate in a demanding environment where precision and confidentiality are non-negotiable. Clients rely on your expertise to guide critical decisions, which means even minor errors or oversights can lead to significant financial and reputational consequences.
At Fairpoint. we help professional firms secure insurance programs that address both their advisory and operational risks. From client disputes to cyber incidents, we ensure your coverage protects what matters most: your reputation, your people, and your clients’ trust.
Why it matters
Professional service firms face growing exposure to claims of negligence, data breaches, and employee-related incidents. Legal and accounting practices are increasingly targeted by cyberattacks, while evolving client expectations heighten the importance of strong contractual and liability protections.
Fairpoint works with insurers that understand professional liability and the nuances of regulated service industries. We focus on providing clear wordings, broad coverage, and access to specialized claims teams experienced in handling sensitive and reputational matters.
Our approach
We collaborate with managing partners and firm administrators to ensure insurance requirements align with client contracts and internal governance standards.
Our process includes:
Reviewing client engagement terms and regulatory obligations
Benchmarking limits and coverage against industry peers
Placing coverage with carriers experienced in legal, financial, and advisory sectors
What coverage you need
Common coverage considerations for law and accounting firms include:
Errors & Omissions (Professional Liability) for advice and service errors
Cyber insurance for ransomware and funds transfer fraud
Employment Practices Liability for HR and workplace claims
Commercial General Liability for third-party injury or property damage
Directors & Officers coverage for firm management and governance