“Lawyers spend a great deal of their time shoveling smoke.” Oliver Wendell Holmes, Jr.’s famous quip wasn’t about navigating a deluge of legal AI hype in 2024, but it could have been.The right type of generative AI offers attorneys immense...
The reality of attorney malpractice insurance policies is paying the deductible when a claim is made against the law firm. For an additional premium Insurers may offer for 1st dollar defense which addresses claims expenses for claims with no indemnity payment...
What Type of Business Insurance Does an Accountant Really Need? An accountant’s job is to manage other people’s money. They must keep very accurate records. They have to provide detailed reports. Nevertheless, they are running a business. As a result,...
A Business Owners Policy (BOP) is essential insurance coverage for any small business.Whether a firm rents, owns a building or works out of their house; a firm needs a BOP. Professional liability insurance only covers errors and omissions. A malpractice claim...
The eighth episode of our new podcast, Risky Records! Risky Records is a video podcast that discusses risk management topics for accounting firms with special guests from the legal, accounting, and insurance professions. We close the conversation by pulling...
