Why You Should Make Sure Your LPL Policy Underwriters Are Lawyers
It takes a lawyer to insure a lawyer. Lawyers disentangle disputes that turn on arcane points of precedent, legislation, and regulation. They know what lands other attorneys in court, so they understand the missteps and misfortunes that trigger claims against their legal colleagues. A few examples of lawsuits against lawyers: Partners in a failed business […]
How to Avoid Suing Clients For Unpaid Legal Fees
Lawyers face a difficult choice when clients’ legal fees become long overdue. Filing suit over unpaid fees is a minefield because: Clients often countersue for malpractice. Defending these claims can cost more than the overdue fees. If you lose a malpractice case, you could face disciplinary action and licensing issues. Lawsuits can attract publicity, potentially […]
Understanding Your Lawyers Professional Liability Language
Lawyers Professional Liability (LPL) coverage has distinct language that can confound the sharpest legal minds. LPL policies help you manage the risk of straightforward scenarios such as: Your partner commits an offense that you know nothing about. Hackers steal sensitive confidential data from your computer system. You need coverage that extends beyond the initiation date […]
What to Look for in a Lawyers Professional Liability Policy
A lawyers professional liability (LPL) insurance policy should provide a broad spectrum of protection against lawsuits and malpractice claims. Your challenge as a lawyer researching LPL insurance is determining which policy features provide the best coverage options for your needs. Each provider in the LPL industry has its own ideas about the right way to […]
A CPA’s Guide to Vulnerability Scans
Vulnerability management is an often-overlooked part of CPAs’ and accounting firms’ security position. The core of vulnerability management is vulnerability scanning and remediation through patch management. There are many reasons vulnerability scanning is important including: Compliance with regulatory requirements such as those established by FINRA, PCI, HIPAA, SOX, and SEC. Determining vulnerability in your network […]
