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How Malpractice Insurance Can Help Grow Your Practice

How Malpractice Insurance Can Help Grow Your Practice

To grow your practice, carrying substantial professional liability insurance is essential, as referral sources like the Texas Lawyers Referral Service and other professionals often require it. It also helps attract higher-value clients and protects your reputation, practice, and personal assets.

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Five Reasons Every Professional Should Have E&O Insurance

Five Reasons Every Professional Should Have E&O Insurance

One critical mistake at work could jeopardize a lot – the solvency of your firm, your career, and your personal holdings – if you don’t have the protection of professional liability insurance.

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How Hackers Can Attack Your Firm

How Hackers Can Attack Your Firm

Accounting and law firms face significant cybersecurity threats such as phishing, business email compromise, malware, ransomware, and cryptojacking, making it essential for these firms to implement robust security measures, conduct regular employee training, and secure cyber insurance to mitigate potential financial and data breach losses.

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How to Choose the Right Malpractice Insurance Carrier

How to Choose the Right Malpractice Insurance Carrier

Choosing the right malpractice insurance carrier involves evaluating the insurer’s reputation, financial stability, cost and coverage options, and customer service quality to ensure comprehensive protection and support in the event of a claim.

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What Is A Claims-Made Policy and How Does It Work?

What Is A Claims-Made Policy and How Does It Work?

Claims-made professional liability insurance for covers claims made during the active policy period for errors occurring after the policy’s retroactive date. They require continuous coverage to maintain protection and prompt reporting of potential claims to ensure coverage.

Is Your Firm Prepared for a Third-Party Cyber Attack?

Is Your Firm Prepared for a Third-Party Cyber Attack?

Cyber risks from third-party connections pose significant threats to businesses, highlighting the importance of cyber insurance with third-party liability coverage, rigorous vendor security assessments, and ongoing audits to mitigate damage from breaches originating outside a firm’s network.

Practice Management Is Key to Minimizing Malpractice Claims

Practice Management Is Key to Minimizing Malpractice Claims

Effective practice management, including the use of specialized software and regular risk assessments, combined with professional liability insurance and expert risk management services, is essential for accounting firms to minimize errors, reduce malpractice claims, and control insurance costs.

Why Stand-Alone Cyber Insurance Is Superior to General Liability Endorsements

Why Stand-Alone Cyber Insurance Is Superior to General Liability Endorsements

Standalone cyber insurance policies provide better and more comprehensive protection against cyber-attacks compared to general liability endorsements, which often have significant exclusions, low coverage limits, and lack response support services, making standalone policies essential for adequate cyber risk management.

How Do Malpractice Insurers Determine My Rates?

How Do Malpractice Insurers Determine My Rates?

Legal malpractice insurance rates depend on attorney experience, firm size, and practice risk level. A combination of these factors are used to determine the rate you're quoted.

What To Do When A Client Threatens To Sue

What To Do When A Client Threatens To Sue

If a client threatens to sue, take it seriously and notify your professional liability insurer immediately. The more information you provide, and the sooner, the better your insurer can defend you if a lawsuit is filed.

What is Professional Liability?

What is Professional Liability?

Professional Liability Insurance is insurance you need to protect yourself from from a claim made by your client for negligence or malpractice.

Why Invest in Professional Liability Insurance?

Why Invest in Professional Liability Insurance?

Practices can face unexpected malpractice claims, especially when fee disputes escalate. Professional liability insurance not only covers defense and indemnity costs but also offers valuable benefits like subpoena support, disciplinary defense, and reimbursement for lost earnings.