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1. Attorney malpractice insurance in Illinois An attorney malpractice insurance policy in Illinois will protect you from financial damages in the event that you are sued for professional negligence. This type of insurance is also known as “errors and omissions” (E&O) insurance. As an attorney, you are held to a high standard of care. If your actions or inaction fall below this standard and you are sued as a result, you could be liable for any resulting damages. An attorney malpractice insurance policy can help cover the cost of your defense, as well as any damages that may be awarded to the plaintiff. This type of policy can also help cover the cost of settlements, if you choose to settle out of court. It’s important to note that an attorney malpractice insurance policy will not cover you for any damages that are awarded as a result of criminal acts. If you are an attorney practicing in Illinois, you should strongly consider purchasing an attorney malpractice insurance policy.