---
title: "EBOOK: What Is Step Rate? A Complete Guide"
description: This comprehensive guide breaks down how step rate pricing affects professional liability insurance and offers practical insights to help law firms manage rising premiums over time.
---

[Protexure Insurance](https://blog.protexureinsurance.com)

# [EBOOK: What Is Step Rate? A Complete Guide](https://blog.protexureinsurance.com/step-rate-0)

 Written by [Suzanne Young](https://blog.protexureinsurance.com/author/suzanne-young) | Apr 10, 2025 5:00:00 AM

Many law firms assume that their premiums will stay relatively consistent once they secure professional liability insurance. Attorneys are often caught off guard when they receive their second-year renewal notice, only to see a 20-35% premium increase—even without any claims or significant changes to their firm.

This increase is due to step rate, a structured pricing approach insurers use to adjust premiums as a policyholder gains more coverage history. Understanding how it works and what it means for long-term insurance costs is crucial for law firms aiming to budget effectively and avoid financial surprises.

 

Download the eBook below to discover:

- What is step rate, and why do premiums increase? 
- How step rate has changed over the years
- How firms can plan for pricing increases

 

<https://info.protexurelawyers.com/what-is-step-rate-a-complete-guide>

 

[View full post](https://blog.protexureinsurance.com/step-rate-0)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Suzanne Young"
  },
  "dateModified" : "2026-01-08T16:51:48.441Z",
  "datePublished" : "2025-04-10T05:00:00Z",
  "headline" : "EBOOK: What Is Step Rate? A Complete Guide",
  "image" : {
    "@type" : "ImageObject",
    "height" : 1114,
    "url" : "https://3334505.fs1.hubspotusercontent-na1.net/hubfs/3334505/Imported_Blog_Media/250344%20McGowan%20Protexure_What%20is%20Step%20Rate-3.jpg",
    "width" : 1914
  },
  "mainEntityOfPage" : "https://blog.protexureinsurance.com/step-rate-0",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Protexure Insurance"
  }
}
```