Archive for the ‘Professional Liability’ Category

Five Filthy Flaws in your malpractice insurance—How to avoid and clean them

There is a right way and a wrong way to save money on your professional liability insurance.  Here are the Five Filthiest economic mistakes law firms make in their malpractice: 1)  Area of Practice Misclassification – The professional liability application is the face of the firm.  A key part of the application is the area […]

Attention Dewey & LeBoeuf lawyers

Issue Summary: We help individual lawyers (and groups of lawyers) who work at law firms facing bankruptcy purchase insurance policies to cover their professional liability exposure that will remain with them personally beyond their current employment. Background: An attorney’s professional liability exposure is personal.  Under normal circumstances, law firms provide ongoing coverage for its lawyers […]

Surprise! Your professional liability insurance underwriter doesn’t understand the practice of law.

Have you ever felt that your professional liability insurance underwriter does not know how a real law firm works?  The shocking truth is that most are not lawyers, have never practiced law, and therefore are misguided as to how a law firm works and how legal services are provided.  This causes unnecessary questions, erroneous overpricing, and fewer options […]

Law Firm Landlord – 5 strategies to keep the rent money and avoid the liability risk – Part I

It is very common for a law firm to sublease its extra space to a smaller law firm or solo practitioner.  While it is tempting to receive the rental income, you must follow certain steps to insure that you are not exposing your firm to additional costs and liability.  From a risk management perspective, there […]

Oops one of your lawyers isn’t really a lawyer! It just happened again to another firm. What should you do?

There is a new fraudster exposed who was posing as a lawyer.  While it’s early in the investigation, it seems as if Mark Pastuszak has worked at two prestigious NY law firms claiming to be a lawyer admitted inNew YorkandNew Jersey.  In truth, he was admitted in neither.  At blog press time, his law school […]

The 10 Point Professional Liability Insurance Comparison Checklist (Part 2)

Make sure you understand your own policy fine print that determines if your premiums are being well spent or wasted.

The 10 Point Professional Liability Insurance Comparison Checklist

The 10 Point Professional Liability Insurance Comparison Checklist:  The fine print that you need to know in buying professional liability insurance.  Part 1. When competitively bid, premiums were down another 10-15% for most law firms on their renewals.  But comparing quotes is more complex then just the premiums and deductibles.  You have to rely on […]

The Big Lie II in Professional Liability Insurance

The Big Lie II in Professional Liability Insurance

The Big Lie in Professional Liability Insurance

The Big Lie in Professional Liability Insurance

Property & Casualty mistakes must be fixed!

4 Property and Casualty mistakes that 90% of all law firms make and how to fix them.