How to Preserve Your Professional Liability Insurance Policy Badge of Honor

How to Preserve Your Professional Liability Insurance Policy Badge of Honor

For a long-time practitioner, your retro date usually coincides with the date you first purchased liability insurance probably close to the date you first started practice. For many, your retro date starts the legacy of many years of continuous insurance coverage representing an entire career.

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Cyber Liability Insurance Coverages and Support Must-Haves

Cyber Liability Insurance Coverages and Support Must-Haves

Law firms face daily threats of security breaches that can devastate a firm’s bottom line and reputation. Are you prepared for the inevitable data breach or the day your network is held for ransom? You can be if you have the right Cyber Liability Insurance.

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Broker vs Direct Writer: What Does This Mean for Professional Liability Insurance?

Broker vs Direct Writer: What Does This Mean for Professional Liability Insurance?

Lawyers must understand that in today’s business environment, professional liability insurance provides a necessary component for any risk management strategy. Even groundless claims can cost thousands of dollars to defend.

When looking to purchase professional liability coverage, one decision always comes first. Is it better to work with a Direct Writer or an Independent Insurance Broker?

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Are there limitations in your Malpractice Insurance coverage?

Are there limitations in your Malpractice Insurance coverage?

It is important to know the limitations of a Legal Malpractice or Lawyers’ Professional Liability Insurance (LPL) policy. Most Legal Malpractice Insurance Policies have three components in common.

The key to avoiding the unexpected is to have a good understanding of all restrictions, provisions and costs at the time of purchase or renewal. The implications of these three components can wreak havoc on a law firm.

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Legal Malpractice Insurance Deductibles: How to Save Serious Money

Legal Malpractice Insurance Deductibles: How to Save Serious Money

Deciding on where to purchase your legal malpractice insurance (E & O or Professional Liability Insurance) can be difficult, especially when looking at all the associated costs that come with.

I think it's a safe assumption that premiums dictate what coverage you get and where you get it.

What you may not know though is that the type of deductible associated with your policy can greatly increase its value.

I’ll be sharing with you a unique Deductible Abatement Provision to save you money on future policies.

I’ll also cover more common deductible variations so when it comes time to renew or shop for your insurance you will have a better understanding of the value you can receive from your policy.

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What Companies Require Cybersecurity?: Intro to Regulations and Protection (2017)

What Companies Require Cybersecurity?: Intro to Regulations and Protection (2017)

Cybersecurity requirements are continually increasing, as are the questions regarding what to do about them.

If you’re wanting to keep you and your company off cybersecurity enforcers' radars and stay ahead of the game if or when cybersecurity becomes law for your industry, this article is for you.

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Cybersecurity Information Fiduciary: What the Heck Is It?

Cybersecurity Information Fiduciary: What the Heck Is It?

Lawyers, accountants, and doctors all fall under the term “information fiduciary” because they collect personal information and have a responsibility to protect that information. They are liable if that information were to fall into someone’s hands that could pose a threat to the individuals they collected it from. The ABA says that Lawyers have an ethical and legal obligation “to develop, implement, and maintain an appropriate cybersecurity program.”

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