Frequently Asked Questions

What is Protexure?

Protexure is a licensed insurance provider specializing in professional liability insurance and cyber risk coverage for small to mid-sized law firms and accounting firms. By focusing exclusively on professional services, we deliver tailored, competitive, and easy-to-place insurance solutions that protect your firm against common risks like malpractice claims, data breaches, and regulatory exposures.

Who does Protexure work with?

Protexure works with:

  • Independent attorneys and small to mid-sized and law firms with 1–15 lawyers
  • Solo accountants, CPAs, and small to mid-sized accounting firms.
  • Retail insurance brokers serving these professional niches

If your firm falls outside this range, we may still be able to help. Contact us with your specific needs at team@protexure.com.

What insurance products does Protexure offer for law and accounting firms?

Protexure offers a range of coverage options to protect your firm, including:

Professional liability insurance for attorneys and accountants

Cyber risk insurance addressing data breaches, ransomware, and regulatory obligations

Additional professional liability coverage solutions including: EPLI, BOP, excess liability, workers’ compensation, and more.

Why does Protexure specialize only in lawyers and accountants?

Specialization matters because small professional firms face unique risks compared to larger organizations. By focusing exclusively on lawyers and accountants, Protexure ensures:

  • Tailored coverage that matches real-world claims these firms face
  • Competitive pricing
  • Faster, consistent underwriting
  • Expert support from professionals who understand your field

Is Protexure an insurance carrier?

Protexure operates as a Managing General Agency (MGA) in select states and works with a network of AM Best “Excellent” or higher rated carriers. Certain programs are backed by ISMIE Mutual Insurance Company, a financially stable and highly respected professional liability insurer.

How quickly can I get an estimate?

All Protexure insurance estimates are generally available the same day or next business day. Our experienced in-house underwriting team, combined with strong carrier relationships, ensures you receive timely, accurate information so your firm can make informed coverage decisions quickly.

How is insurance pricing determined for law and accounting firms?

Insurance pricing for law and accounting firms depends on the type of coverage requested and firm-specific factors, including: practice area, firm size, location, revenue, claims history, and selected coverage limits. Protexure’s professional liability policies typically follow a step-rate structure, allowing premiums to grow gradually with exposure and then stabilize over time.

Can Protexure review my current policy?

Yes. Protexure offers no-obligation policy reviews. We can:

  • Review your existing coverage
  • Identify potential gaps
  • Provide a side-by-side comparison with Protexure options
  • This process helps you make informed decisions without pressure.

Can I save money by switching to Protexure?

Many clients benefit from competitive pricing while maintaining full coverage. Savings depend on firm profile, claims history, and selected coverage limits, but Protexure aims to provide better value without compromising protection

What happens if my law or accounting firm has a claim?

If your firm has a claim, it should be submitted to and is handled directly by the insurance carrier issuing your policy. Protexure can assist by connecting you with your carrier and guiding you through the claims process, helping you understand your coverage and access any policy benefits. This ensures your firm receives clear support while protecting your reputation and financial interests

Do I need cyber insurance if I already have professional liability coverage?

Yes. Professional liability insurance and cyber risk insurance cover different exposures:

  • Professional liability protects against errors or omissions in your services
  • Cyber risk insurance covers data breaches, ransomware, business interruption, and regulatory obligations
  • Law and accounting firms are frequent cyber targets, making both coverages essential for comprehensive protection.

I’m an insurance broker. Can I partner with Protexure?

Protexure offers an exclusive broker program for agencies serving small law and accounting firms. Benefits include:

  • Fast, in-house underwriting
  • Competitive commissions
  • Access to an online underwriting portal
  • Policy comparisons and co-branded marketing support
  • Participating brokers retain full ownership of client relationships.

For more information, contact us at team@protexure.com.

How do I get started with Protexure insurance?

Getting started is simple: you can submit a professional liability insurance application online (link to submit an application). After submission, a licensed Protexure specialist will guide you through your options with clear, transparent guidance, making it easy for your law or accounting firm to secure the coverage you need.

Are policies automatically renewed?

Policies are not automatically renewed, and renewal options vary by carrier. Protexure provides a streamlined renewal process so your firm can maintain continuous coverage with minimal effort and disruption.