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Wednesday, November 16, 2022 DECEMBER 6 @ 1 PM REGISTER HERE SESSION 13: Claims Stories - The Not So Good, The Bad, and The Ugly (1 CPE) Presenter: Jeremy Monosov, Esq. and Rocco Malandrino Delivery Method: Group Internet Based | Field of Study: Business Management & Organization READ MORE >>
Tuesday, November 15, 2022 Claims Prior Knowledge/Notice is a leading cause for malpractice claims denials. This happens when incorrectly completing the attorney malpractice renewal application claims questions or a different insurer’s new business application. Whether intentional or by accident, misinformation on a malpractice application causes claims denials. READ MORE >>
Monday, November 14, 2022 A law firm may have substantial exposure for assets that are in their care, custody, or control. An Attorney malpractice insurance policy may exclude coverage if the asset is lost or stolen. Assets can be anything from a gold watch to a IOLTA or trust account. READ MORE >>
Monday, November 14, 2022 A law firm may attempt to bind an insurer to a 3rd party contract. The insured law firm’s client contract with the law firm may require certain language in the insured law firm’s insurance policy that is not there. The insured firm hopes that the insurer will be bound to that contract. READ MORE >>
Friday, November 11, 2022 An attorney malpractice insurance policy excludes coverage for Bodily Injury/Property Damage. Law firms needing these coverages should obtain a Business Owners Policy (BOP) or a Commercial Auto Insurance policy. Attorney malpractice insurance policy do cover personal injury. READ MORE >>
Friday, November 11, 2022 Through tough times law firms stick together and work things out. But when things go bad in a law firm between attorneys, they can really go bad. Once communication breaks down it leads to more drastic action. Attorneys suddenly find law office locks changed, access to client files restricted, and the access to computer systems denied. READ MORE >>
Thursday, November 10, 2022 Closely held entity exclusions are frequently overlooked on Attorney Malpractice Insurance Policies. Every attorney malpractice insurance policy has restrictions/exclusions for this issue. It is common for insurers to have a supplement to list the firm ‘clients’ that an attorney has an equity interest in. READ MORE >>
Thursday, November 10, 2022 Attorney Malpractice Insurance policies exclude coverage for attorneys acting as a director or officer of a client organization. Attorneys need to be careful when asked to sit on a client’s board or become an officer of a client organization not to jeopardize malpractice coverage. READ MORE >>
Wednesday, November 9, 2022Every business owner knows that there are insurance policies designed to protect a business’s physical property from theft or severe weather damage. But what about injuries or damages suffered by third parties as a direct result of a business’s actions? READ MORE >>
Tuesday, November 8, 2022 Firms and insurance agents forget to add Hired/Non-owned audit endorsement when writing a Business Owners Policy (BOP) or Commercial Auto Policy. This can be a costly omission. Even if the only thing a firm employee does is take money to the bank using the employee’s car, you need the Hired/Non-owned auto endorsement. READ MORE >>
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