As a smaller firm, how much of your capital assets can you afford to lose on this gamble? If you get sued, attorney’s fees and expenses could cost you $100,000 + just to get you dismissed from a frivolous lawsuit. These costs will come out of your own pocket if you don’t carry professional liability insurance. In just a few days, you could incur far greater financial losses than the relatively low cost of your professional liability premium. A disgruntled or determined client, and a savvy attorney will make you just as much of a target for a lawsuit even if you don’t carry professional liability insurance.