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 […]
Posts Tagged ‘professional liability insurance’
Five Filthy Flaws in your malpractice insurance—How to avoid and clean them
June 12th, 2012
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Attention Dewey & LeBoeuf lawyers
May 3rd, 2012
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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.
November 30th, 2011
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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 […]
Oops one of your lawyers isn’t really a lawyer! It just happened again to another firm. What should you do?
July 15th, 2011
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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)
April 14th, 2011
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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
December 28th, 2010
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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
November 30th, 2010
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The Big Lie II in Professional Liability Insurance
The Big Lie in Professional Liability Insurance
November 9th, 2010
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The Big Lie in Professional Liability Insurance
7 Habits of Highly Effective Professional Liability Insurance Applications
July 22nd, 2010
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Your professional liability application is the single largest piece of information that insurance company underwriters use to determine what premiums and terms they offer. As brokers, we spend a considerable amount of time helping our clients put their firm in the best light possible with their application. This is a time consuming process for all […]
The 5 shopping steps for your professional liability insurance
July 9th, 2010
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The timeline for shopping your professional liability insurance is the bedrock foundation of the shopping process. Waiting to start shopping until you receive your renewal quotes can be disastrous. Therefore, philosophy number one is ASSUME that your renewal quote will be terrible. Be prepared for the worst case scenario. Many times, your renewal quote will be competitive for your consideration, […]
