Friday, December 16, 2016The declarations page outlines the key elements of your malpractice insurance coverage (LPL). Even though there is no standard LPL policy at a bare minimum checking the items listed below is essential. If you read nothing else, read your declarations page. Key items to review are: 1. READ MORE >>
Thursday, December 15, 2016According to one ABA report 23% of law firms didn’t know if they had a data breach. This is a troubling statistic in that another ABA report stated that around 15% of all law firms have had a data breach. Today it is not so much “if” your law firm will have a data breach, but “when. READ MORE >>
Wednesday, December 14, 2016This has been touched on a number of times. Too often, professionals post something on social media that ends up adversely impacting their professional lives. During the holiday season, with extra time on your hands and liquid courage helping you getting the words flowing could get you in trouble. READ MORE >>
Tuesday, December 13, 2016While the highly published hacks on the DNC (Democratic National Committee) and more recently coming to light of the hacks of the RNC (Republication National Committee) by the Russians. It appears that the Chinese have also been busy with gathering information on commerce. READ MORE >>
Monday, December 12, 2016New York Attorney General Eric Schneiderman has issued an alert of New York attorneys being targeted by hackers pretending to be from the New York Attorney General’s Office. There is a hyperlink in the e-mail that installs malicious software once it is clicked. READ MORE >>
Friday, December 9, 2016Insurance policies can lapse either through administrative issues or lack of funds. Letting coverage lapse is never a good thing. Whether it is Business Auto, Business Owners Coverage, Professional Liability Insurance or Workers Compensation letting your insurance coverage lapse can be costly. READ MORE >>
Thursday, December 8, 2016Attorney Question: “Do you have coverage for Fraudulent Wiring Instructions?” Response: This can be a significant exposure to a law firm or title agency. Unlike in the past, now just by hitting a button, you can send millions of dollars out of your Trust account. READ MORE >>
Wednesday, December 7, 2016A Microsoft security engineer, uploaded four explicit pictures of minors involved in sexual acts to the engineer’s personal OneDrive Account, a cloud based storage facility. Microsoft alerted the authorities, but it’s unclear if the company knew that it was its own employee. READ MORE >>
Tuesday, December 6, 2016Know the rules regarding gifts. Generally, a lawyer may receive modest, unsolicited gifts from clients.1 However, a lawyer should not solicit substantial gifts from a client, including testamentary gifts, unless the client is a close relative.2 1 See MODEL RULES OF PROF’L CONDUCT R.1. READ MORE >>
Monday, December 5, 2016In OneBeacon Insurance Co. v. T. Wade Welch & Associates, the 5th Circuit affirmed a $28 million judgement for bad faith ruling that the One Beacon "prior knowledge" exclusion did not apply. As with many Lawyers Professional Liability Insurance policies OneBeacon issued a series of professional liability policies to T. READ MORE >>
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