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Coverage Checklist for Small Law Firms
Posted by Joe Barnard, CPA on Jan 17, 2019 3:13:00 PM

Shopping for professional liability insurance may not be the most exciting aspect of practicing law, but it is extremely important. Without effective professional liability insurance, an error you make could be financially devastating to your livelihood.

There are several things to consider when looking for E&O coverage for your law firm or individual practice. Give careful consideration to each of these aspects before deciding on a policy for your practice. 

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Topics: Attorney Professional Liability Insurance, Lawyers Professional Liability, Accountants Professional Liability

What Should I Consider When Shopping for Lawyer’s Liability Insurance?
Posted by Joe Barnard, CPA on Jan 9, 2019 2:38:00 PM

Legal malpractice insurance may be one of the most confusing aspects of practicing law. It’s important to have sufficient coverage with a premium and deductible you can afford. So, how do you determine which provider and policy is best for you? 

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Topics: Lawyers Professional Liability

Is Coverage Available for an Attorney Practicing Part-Time?
Posted by Joe Barnard, CPA on Dec 5, 2018 3:08:00 PM

No matter how much time you devote to practicing law, you’re susceptible to error, which could lead to a professional liability lawsuit. 

E&O insurance protects attorneys regardless of practice size or number of cases handled. Even if you only handle a few cases each year, there’s no guarantee that you won’t face a malpractice claim from a client. After all, mistakes happen, and some clients may be less than honest. You don’t want to be stuck without a safety net in the event of a claim. 

At the end of the day, there’s no need to take unnecessary risks when you have options that protect your practice, your assets, and your reputation. 

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Topics: Attorney Professional Liability Insurance

Lawyers Professional Liability Insurance: A Glossary of Terms
Posted by Joe Barnard, CPA on Nov 15, 2018 1:03:00 PM

The process of shopping for professional liability insurance can be confusing, even for an attorney. There is a lot of information and insurance jargon to muddle through. Here’s a handy glossary to use when shopping for insurance or examining the terms of your current policy. 

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Topics: Lawyers Professional Liability

What Is a Claims-Made Policy?
Posted by Joe Barnard, CPA on Oct 30, 2018 3:01:58 PM

Professional liability insurance policies for lawyers typically are written on a claims-made basis. It’s important to understand what this means for your coverage and when to report any claims or potential claims that might arise from current or former clients.

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Topics: Attorney Professional Liability Insurance

Is Your Firm Prepared for a Third-Party Cyber Attack?
Posted by Joe Barnard, CPA on Oct 26, 2018 2:22:03 PM

Cyber risks can be lurking in the most unsuspecting places. 

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Topics: Cyber Protection

How Much Professional Liability Coverage Should I Buy?
Posted by Joe Barnard, CPA on Sep 27, 2018 1:39:00 PM

One of the more important decisions you make as an attorney pertains to your professional liability insurance. No matter how talented you are, you’re human and capable of making a mistake. When that happens, you’ll want to make sure you have adequate insurance coverage.

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Topics: Attorney Professional Liability Insurance, Lawyers Professional Liability

I’ve Never Had a Claim, So Why Would My Rates Increase?
Posted by Joe Barnard, CPA on Sep 3, 2018 1:57:00 PM

Liability insurance rates for legal professionals may be one of the more confusing aspects of practicing law. Understanding some key factors in determining rates may help ease your mind when it’s time to renew your coverage. 

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Topics: Attorney Professional Liability Insurance

Things to Know About Prior Acts Coverage and Your Retroactive Date
Posted by Joe Barnard, CPA on Aug 21, 2018 3:06:00 PM

Professional liability insurance is essential for attorneys to operate a successful law practice and adequately protect their careers. An aspect of these policies that can be confusing is the prior acts coverage and retroactive date. Understanding every component of your policy and what to look for is the best way to ensure you are adequately covered.

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Topics: Attorney Professional Liability Insurance

What If I Forgot to Disclose Something on My Legal E&O Application?
Posted by Randy Heaster on Aug 11, 2018 9:27:00 AM

Errors and omissions (E&O) insurance is a lawyer’s safety net against mistakes and malpractice claims. It is important to have sufficient coverage over the course of your career (and beyond) because everybody makes mistakes. Ensuring that you have adequate coverage begins with carefully completing the insurance application.

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