Friday, December 9, 2016Insurance policies can lapse either through administrative issues or lack of funds. Letting coverage lapse is never a good thing. Whether it is Business Auto, Business Owners Coverage, Professional Liability Insurance or Workers Compensation letting your insurance coverage lapse can be costly. READ MORE >>
Thursday, December 8, 2016Attorney Question: “Do you have coverage for Fraudulent Wiring Instructions?” Response: This can be a significant exposure to a law firm or title agency. Unlike in the past, now just by hitting a button, you can send millions of dollars out of your Trust account. READ MORE >>
Wednesday, December 7, 2016A Microsoft security engineer, uploaded four explicit pictures of minors involved in sexual acts to the engineer’s personal OneDrive Account, a cloud based storage facility. Microsoft alerted the authorities, but it’s unclear if the company knew that it was its own employee. READ MORE >>
Tuesday, December 6, 2016Know the rules regarding gifts. Generally, a lawyer may receive modest, unsolicited gifts from clients.1 However, a lawyer should not solicit substantial gifts from a client, including testamentary gifts, unless the client is a close relative.2 1 See MODEL RULES OF PROF’L CONDUCT R.1. READ MORE >>
Monday, December 5, 2016In OneBeacon Insurance Co. v. T. Wade Welch & Associates, the 5th Circuit affirmed a $28 million judgement for bad faith ruling that the One Beacon "prior knowledge" exclusion did not apply. As with many Lawyers Professional Liability Insurance policies OneBeacon issued a series of professional liability policies to T. READ MORE >>
Friday, December 2, 2016According to an article in the Insurance Journal the California Bar Wants to Ban Sex Between Lawyers & Clients. While many states have such a ban, California has yet to catch up. For more information concerning this click on California Bar Proposed Sex Ban. READ MORE >>
Thursday, December 1, 2016Suing a client for unpaid fees is usually a bad idea. Yes an attorney can wait till after the statute has run, and yes this may prevent a counter claim or at least provide a defense. But no it will not prevent a bar complaint from being filed and if done with any frequency will likely have an impact on your attorney malpractice premiums. READ MORE >>
Wednesday, November 30, 2016Many firms and some insurance agents do not think about this coverage. But even if the only thing a firm employee does is take money to the bank using their car, you need this endorsement. If you or your employees use vehicles for any business purpose, you should make sure that this endorsement is added to your business owners policy or your commercial auto policy. READ MORE >>
Tuesday, November 29, 2016An attorney’s private life involves all of the day to day stuff that everyone else has to deal with. This includes buying and selling houses and cars, running other businesses, getting into disputes, car accidents, and having loved ones in the hospital. READ MORE >>
Monday, November 28, 2016Hackers are holding San Francisco’s light-rail system for ransom. For more details on what took place click on Cyber Attack San Francisco. READ MORE >>
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