Why do I need business insurance?
Business owners often launch their business because they are GREAT at what they do. They provide great service. They build great products. And they want to have greater control over their life. However, too often the product or service becomes their focus – and they forget to act and think like a business owner. And […]
How do I protect myself from malpractice claims at my old firm?
Starting a new role at another firm or creating a new firm altogether is exciting. Different challenges. Exciting opportunities. New relationships. But the new venture can come with fresh concerns. Specifically, what do I do about malpractice claims at my old firm? How can I maintain coverage without relying on my former employer? How do […]
What is a retroactive date?
A legal malpractice policy (AKA Legal Professional Liability policy or LPL policy) covers law firms from malpractice claims. Generally, these are claims-made policies that only respond to claims presented or discovered during their effective period. But what about an old mistake that appears years later? This is where the retroactive date matters. The retroactive date is […]
The Definitive Illinois Legal Malpractice Insurance Article
Most attorneys practice law without fully understanding their legal malpractice insurance. After nearly 20 years and thousands of dollars in education, new law firms frequently open their practices with the first policy thrown at them – or worse, with no insurance at all. This post (and the links included within) provide the information your law […]