What are risky areas of practice and why?
The focus of your practice can impact your premium. If you practice in areas of high-liability potential, such as patent/trademark, other intellectual property, securities, construction litigation, class actions, commercial real estate development, entertainment, or formation of financial institutions, you will most likely pay a higher premium than an attorney who specializes in, say, criminal defense or elder law. Some insurers regard personal injury (plaintiff) work as an area of risk. Others value that area. One reason lawyers consult insurance professionals is that they know which companies can insure you best for the least expense to you.
