Affinity Group Insurance Trends & Solutions | Lockton Affinity

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|

New Risk Management Offering – PR Consultations

Law firms are becoming more and more concerned about reputational damage. As information disseminates more quickly than ever before, lawyers are often confused about how to respond to publicity and press inquiries.

Westport has heard these concerns and is pleased to announce a new risk management offering – Public Relations Event Service. With your professional liability policy through Lockton Affinity’s Lawyer Insurance Program,

May 24th, 2018|Insurance, Swiss Re|

Frequently Asked Questions about Professional Liability for Lawyers

As an attorney, you likely have a lot on your mind, but finding Professional Liability for lawyers shouldn’t have to be one of them. With coverage from Lockton Affinity Lawyer, your career and firm is protected. Read on for all you need to know about Professional Liability Insurance.

 

Frequently Asked Questions about Professional Liability for Lawyers

+ Why do I need Professional Liability Insurance?

April 13th, 2018|Uncategorized|

Importance of Business Owners Insurance

Owning a law firm comes with many responsibilities – managing finances, employees and clients. With all of that and more on your plate, it can be hard to find the time to shop around for the right insurance coverage for your firm. Luckily, Lockton Affinity Lawyer offers Business Owners and Workers’ Compensation policies, in addition to their Professional Liability and

April 13th, 2018|Insurance|

10 Loss Prevention Tips for Attorneys

From clear communication to proper documentation, there are many ways you can prevent malpractice claims and subsequent loss at your firm. Does your firm follow these loss prevention tips?

Choosing Clients

  1. Avoid Conflicts of Interest

Allegations of conflict of interest drive both frequency and severity. Watch carefully for conflicts arising from dealings with former or current clients and avoid those arising from your own

March 19th, 2018|Law Firm Tips|

Coverage for Lawyers Representing the Cannabis Industry

As states continue to legalize cannabis for medicinal or recreational purposes, professional service firms are experiencing a rapid growth of new markets for their services. While this opportunity for growth is exciting, and despite the effect of state law, marijuana remains illegal under Federal Law. This conflict between state and federal statutes places marijuana businesses or supplemental businesses at risk of being

February 6th, 2018|Insurance, Swiss Re|

Fee Shifting Provisions: Do or Don’t?

Many attorneys now routinely place fee shifting provisions in their attorney-client retainer agreements. These provisions generally provide that in the event of a dispute between the client and the attorney, the prevailing party may recover their attorney fees. These agreements, however, may not be appropriate in every case or for every law firm. The following article discusses certain disadvantages to such fee

January 25th, 2018|Insurance, Swiss Re|