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Tuesday, March 14, 2023 Buried in the policy language for certain insurers are additional coverages that not all admitted attorney malpractice insurers provide. The AIG policy is one of those policies. Found in the Special Benefit Policy Section are additional coverages for Claims Expenses: 1. Claim Expenses. READ MORE >>
Monday, March 13, 2023 When considering needed liability limits often overlooked are claims expenses. This could leave an insured dramatically underinsured. Given the right set of circumstances, claims expenses can easily exceed $100,000. So, what are claims expenses? The current AIG policy defines claims expenses as: READ MORE >>
Friday, March 10, 2023 The majority of people think all insurance works like your homeowners, auto, business owners and workers compensation insurance policies which are written on an occurrence policy form. With these occurrence policies the insurer on the risk at the time the covered act occurred is responsible paying the claim. READ MORE >>
Monday, March 6, 2023 As with many of you, often receiving emails telling me that my membership is being renewed. Ever had a Geek Squad Membership? I never did. Not sure why the Geek Squad needs to use a Gmail Account to send out notices (<yusufmukhtargrk@gmail.com> ) READ MORE >>
Thursday, March 2, 2023 Attorney malpractice insurance protects in case of a malpractice claim made against your firm. Simple enough. But when to report a claim? A major reason for claims denial is prior knowledge. Of course, reporting a claim that’s not a claim could impact your insurance rates and future insurability. READ MORE >>
Monday, February 27, 2023 The following email was sent to our payroll department purportedly from a current employee: I WANT TO AMEND MY PAYROLL INFORMATION From: Employee Name oshjhlkjjh5@gmail.com To: Payroll Hello good day, I have recently had problem with my current bank, can you update my payroll direct deposit information ? READ MORE >>
Wednesday, February 8, 2023 READ MORE >>
Friday, January 27, 2023 Not reporting property insurance small claims makes sense. With a property claim you generally know with great certainty the amount of damages quickly. If the property claim is below or right around your property claims deductible, then handle the claim. READ MORE >>
Wednesday, January 25, 2023 Insurers increasing offer pre-claims assistance. This valuable tool is often overlooked. Check with your agent to make sure your insurer has this coverage. When confronted with a situation that might result in a malpractice claim, most lawyers, understandably, do not know what to do. READ MORE >>
Tuesday, January 24, 2023 Attorney malpractice insurance uses a claims-made policy form. This is an important concept when reducing coverage limits. Unlike an occurrence policy form where the policy form used to settle a claim is when the act occurred. READ MORE >>
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