Tuesday, January 24, 2023 When cyber-attacks hit big businesses, expensive problems can result, but the company may be able to absorb the costs. Small firms are in uncharted territory after a cyber-attack. On average, a cyber-attack can cost them anywhere from $120,000 to $1.24 million. READ MORE >>
Monday, January 23, 2023 You will not find the Hammer Clause anywhere in your policy. The Hammer Clause is slang for forcing a settlement in the Defense, Indemnification, and Cooperation section of your policy. As with other professional errors and omissions policies, the attorney malpractice insurance policies commonly gives the insured the right to tell the insurer whether to settle the claim or not. READ MORE >>
Friday, January 20, 2023 When a two attorney firm splits, the best approach for the firm is to Purchase an Extended Reporting Period Endorsement (ERP/Tail) at the time the split occurs. The ERP is made part of the old firm’s last Attorney Malpractice Policy extending the reporting period for the number of years purchased. READ MORE >>
Thursday, January 19, 2023 What does an ‘Automatic Extended Reporting Period’ (ERP) actually do? For special cases this provision works well but, it normally does not provide any coverage. Firms that think that this provision provides continued coverage for 60 days past the policy expiration date are in for a rude surprise. READ MORE >>
Tuesday, January 17, 2023 Tip 1: Don’t be alone – establishing your network. Tip 2: Backup attorneys – not just for vacation. Tip 3: Establish infrastructure as if it weren’t just you. Tip 4: Follow the calendar. Tip 5: No flying by the seat of your pants – have a real five-year plan. READ MORE >>
Tuesday, January 17, 2023 Cyber in 2023 What cyber risks will define the new year? You don’t need a crystal ball to know some threats, including ransomware attacks, will grow in frequency and severity; or that new digital dangers will emerge, especially in the currently chaotic social media and cryptocurrency scenes. READ MORE >>
Monday, January 16, 2023 Cyber liability insurance is a valuable financial protection for today’s business owner. This insurance provides protection from a number of internet related risks. Risks can range from identity theft to data breaches. This is why an increasing number of companies are seeking cyber liability insurance. READ MORE >>
Wednesday, January 11, 2023 Who does not love a lively verbal debate? Whether it’s about your favorite football team or a politician when done in a friendly manner, it can bring us together. Problems start when it’s in writing. Some of the best advice that my Dad gave me is not to send anything to anybody when you are upset. READ MORE >>
Tuesday, January 10, 2023
CLICK HERE FOR AN ATTORNEY MALPRACTICE QUOTE
This document should not be construed as legal advice. Because the facts applicable to your situation may vary, or the laws applicable in your jurisdiction may differ, please contact your attorney or other professional advisors if you have any q... READ MORE >>
Monday, January 9, 2023 L Squared has notice a disturbing trend with late renewals and non-pay cancellations. The insurance coverage cancellation frequency for premium non-payments and lapsed coverage is on the rise. Partly due to insured staff turnover, partly due to lack of funds. READ MORE >>
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