Friday, February 3, 2023 For many in the legal profession, the term “lawyer mental health” may seem contradictory. The demanding hours and stressful work environments at many law firms often have detrimental effects on legal professionals, who struggle to balance severe stress and self-care. READ MORE >>
Thursday, February 2, 2023 Procrastination and unreasonable delay can negatively impact a client’s confidence in their lawyer’s ability to effectively represent them and may even compromise the client’s legal position. Avoid triggering a malpractice suit by improving your response time and overall efficiency in your practice. READ MORE >>
Tuesday, January 31, 2023 Attorney malpractice insurance policies are claims-made policies. The prior acts date is essential to determine if there is coverage for covered acts that may have occurred many years ago. The claims department determines claims-made coverage by checking: 1. READ MORE >>
Friday, January 27, 2023 Not reporting property insurance small claims makes sense. With a property claim you generally know with great certainty the amount of damages quickly. If the property claim is below or right around your property claims deductible, then handle the claim. READ MORE >>
Thursday, January 26, 2023 Cyber Insurance Coverages to Look For First-party coverages cover you (the insured) for these costs: IT Forensics Determining exactly how a computer system was breached and what data was accessed, viewed, or copied. Notification READ MORE >>
Wednesday, January 25, 2023 Insurers increasing offer pre-claims assistance. This valuable tool is often overlooked. Check with your agent to make sure your insurer has this coverage. When confronted with a situation that might result in a malpractice claim, most lawyers, understandably, do not know what to do. READ MORE >>
Tuesday, January 24, 2023 Attorney malpractice insurance uses a claims-made policy form. This is an important concept when reducing coverage limits. Unlike an occurrence policy form where the policy form used to settle a claim is when the act occurred. READ MORE >>
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 >>
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