Affinity Group Insurance Trends & Solutions | Lockton Affinity

The Importance of File Documentation

Swiss Re recently experienced a complex, high exposure case related to improper file documentation. The case likely would not have been pursued if the insured had properly documented their client file.

To prevent experiencing a similar case, read on for proper file documentation tips.

Case Background

Our insured attorney represented debtors in a bankruptcy case. One of the pressing issues in the bankruptcy case was

February 19th, 2019|Law Firm Tips, Swiss Re|

Withdrawing from a Case

Withdrawing from a case usually comes from irreconcilable differences between attorney and client. The manner and means of terminating that relationship can affect the likelihood that a malpractice claim will be presented.

First, know and follow the procedures applicable in your jurisdiction. Many states, like California, provide in their own Rules of Professional Conduct when withdrawal is mandatory and when it is permissive.

February 5th, 2019|Attorney Protective, Law Firm Tips|

EPT Risk Management

Claims made against attorneys who practice in the area of estate, probate and trust have been steadily increasing.

As the Baby Boomer generation ages, we are experiencing the largest generational transfer of wealth than at any other time in our history. While the Boomers are the wealthiest of all previous generations, they often lived with a “can’t take it with you” mentality.

Even with

January 8th, 2019|Law Firm Tips, Swiss Re|

Placing Professional Liability Coverage With a Dependable Carrier

As an attorney, not much seems worse than facing a malpractice claim. Having a financially sound, respected and dependable carrier, however, can make all the difference during such a stressful time. Knowing that insurance professionals are managing the defense of the claim and that your carrier will be there to fund any settlement or judgment against you is essential for your peace

December 7th, 2018|Law Firm Tips, Swiss Re|

Improving Attorney Wellbeing and Why It is Needed

In 2016, the ABA and Hazelden Betty Ford Foundation evaluated 12,825 practicing attorneys and revealed some troubling findings. The study found:

  • 28% experience symptoms of depression
  • 19% experience symptoms of anxiety
  • 23% experience symptoms of stress
  • 21 to 36% experience problematic drinking

The study also found that lawyers younger than 30 years of age and those working in the field for less than

November 1st, 2018|Law Firm Tips, Swiss Re|

Does your Social Media Conduct Violate Professional Rules?

Violations of Social Media Conduct

More and more lawyers are using social media to take advantage of the effortless accessibility to the public. With so many law firms and lawyers participating, it is wise to review the professional conduct rules governing communication and advertising. Understanding the rules while navigating the uncharted waters of social media can make the difference between great marketing and

October 2nd, 2018|Law Firm Tips|

Wire Transfer Schemes Are Becoming More Sophisticated

Protect yourself with a double security protocol and remember to never send a wire based upon an email alone.

Fraudsters continue to successfully misdirect wire transfers by inserting themselves into email exchanges between parties of real estate and other transactions. Sophisticated fraudsters, however, are no longer just hacking a real estate broker or law firm’s computer server to commit this wire fraud. Fraudsters

October 1st, 2018|Cyber Security, Swiss Re|

How to Manage a Malpractice Claim

Obviously avoiding errors and the associated risk of a malpractice claim is ideal. While understanding the trends and common errors that contribute to legal malpractice claims is important, taking proactive risk management steps, like sending engagement letters, is even more essential.

Risk management training and education services can help avoid claims, however they can be costly, especially for smaller firms or attorneys

September 4th, 2018|Law Firm Tips, Swiss Re|

How to Send a Proper Engagement Letter

An engagement letter is a contract between you and your client. Each new client or project, big or small, should start with an engagement letter that is signed by all associated parties. These letters can be used as binding contracts in the event of fee disputes, collection issues and more. Overall, this documentation delivers peace of mind and security to both parties.

 

Why

August 6th, 2018|Uncategorized|

Now Offering Life, Health and Disability Insurance

Lockton Affinity Lawyer has added Life, Health and Disability Insurance to its suite of products for law professionals. Traditionally, life, health and disability benefits have only been easily accessible to attorneys at big law firms.

At Lockton Affinity Lawyer, we believe everyone deserves access to these group benefits. We guarantee the following benefits for firms with two or more covered associates. We also

June 14th, 2018|Uncategorized|