Approximately twenty-five percent of legal malpractice claims result from calendaring issues, such as failure to know a deadline, failure to timely file, failure to record in a calendar or failure to respond to a calendar reminder. Because a missed deadline is a...
Surplus Lines Association of Illinois describing Surplus Lines insurance carriers:In order to understand what surplus line insurance is, it is helpful first to understand a few things about the insurance marketplace and to understand what surplus line insurance is...
Most attorneys understand that if they have an actual claim made against them or a lawsuit filed that they need to notify the insurance carrier immediately. It is also important for the attorney to know when they should put their professional liability insurance...
The Wisconsin State Bar Board of Governors approved a succession planning registry after death or disability. https://www.abajournal.com/news/article/who_will_take_over_your_law_practice_wisconsin_lawyers_can_name_a_successorThis registry is a positive move in...
CEOL stands for Claims Expenses Outside the Limits. The purpose of CEOL is to provide additional coverage for claims expenses to help preserve the primary limit of liability. The other option is Claims Expenses Inside the limits (CEIL). With...
