Thursday, February 18, 2021Here are a few examples of claims made. None of these law firms had a cyber policy: 1. Your client is about to close on a business deal that you and the client have been working on months. The money needs to be transferred by close of business on Friday. READ MORE >>
Wednesday, January 13, 2021For property insurance not reporting small claims makes sense. With a property claim generally you 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, November 12, 2020 An Exploration Into The World of Staged Collision & Fraudulent Claims Thursday, November 19, 2020 12:00 p.m. - 1:00 p.m. Explico & MDTC Insurance Law Section have collaborated to bring you this timely information. Joseph Neal, P.E. READ MORE >>
Monday, October 19, 2020 Step Rating is not defined in an attorney malpractice policy. But at inception of your 1st policy, it is the major reason that your premium will increase and continue to go up for the first few years. Attorney Malpractice Insurance policies are written ‘claims-made’ policy form. READ MORE >>
Monday, September 28, 2020When confronted with a situation that might result in a malpractice claim, most lawyers, understandably, do not know what to do. They may be tempted to ignore the situation or try and fix the problem on their own. In many cases, a potential malpractice claim can be repaired. READ MORE >>
Friday, December 20, 2019End of year can be an exciting time for accountants and attorneys. Many professionals make or execute career decisions at year. Some start out on a new journey as a solo practitioner. Others are forming new partnerships or joining existing partnerships. READ MORE >>
Thursday, December 12, 2019 An attorney malpractice claim resulted in a loss of over $200,000. Unfortunately, the insured only had a policy limit of $100,000 per claim. The insurer wrote their check for $100,000 and closed their claim file. It left the insured to defend themselves and settle the balance owed on any additional amount due. READ MORE >>
Thursday, November 14, 2019Upon discovering a potential malpractice claim, think and consult before you react. Law firms can make a bad situation much worse. Here are a few attorney malpractice claim broad strokes to keep from making things worse: 1. The good news is that not every mistake is malpractice. READ MORE >>
Monday, November 11, 2019A claims-made insurance errors & omissions or malpractice policy may have a Firm Prior Acts Date, an Individual Prior Acts Date, a Career Coverage Prior Acts Date and/or Predecessor Firm Prior Acts Date. Each can be used to address specific coverage needs: 1. READ MORE >>
Friday, October 25, 2019Prior acts and the claims-made policy form are two of the most misunderstood malpractice insurance concepts. This misunderstanding costs professionals millions of dollars in lost coverage every year. There are two basic property and casualty insurance forms; the ‘occurrence’ policy form and the ’claims-made’ policy form. READ MORE >>
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