Occasionally we get a client that attempts to bind the insurer to a contract that the insured firm has signed in hopes that the insurer will be bound to that contract. This is where the Contractual Liability Concept comes into play. Basically, an insured cannot...
The cost to defend a legal malpractice claim is on the rise. Are Your Assets Adequately Protected? The practice of law has evolved dramatically over the last 30 years. Technological advances, coupled with the growth of lateral hires and multifaceted...
When an accounting firm receives a subpoena for information, it is important that the firm follows the law. It needs to make sure that it responds appropriately to the subpoena and protects itself as well as their client’s rights. Accounting firms...
claims-made coverage that they had in the past as their current coverage. Many seem to think that if the act occurred while coverage was previously inforce they still have coverage for that claim even if it was never reported to the insurer. We even had...
In 2003, the Soldiers and Sailors Civil Relief Act was rewritten, and the name changed to Servicemembers Civil Relief Act. Basically the act applies to any service members including reservists and National Guard members that are called to active...
