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Protexure Lawyers Blog

Common Questions We Hear During Professional Liability Policy Renewal

 

When renewing professional liability policies, there are several questions we hear time and time again from our insureds. Policy renewal only happens once a year, but there is a lot to be aware [...]

Three Things to Consider When Choosing a Professional Liability  Insurance Carrier

 

Whomever the insured, insurance affords the security and stability that is required for the growth and success of a business.  Therefore, finding the right carrier to partner with you and your [...]

What Is An Extended Reporting Period?

You may have heard of tail coverage, but do you know exactly what it means? Tail coverage, better known as an extended reporting period (ERP), is designed to keep the prior work of a law firm [...]

Engagement Letter Essentials: Defining the Scope of Work

We have discussed the importance of using an engagement letter to clearly specify to whom you owe professional loyalty in a matter; in other words, specifying who is your client. Equally useful as [...]

Engagement Letter Essentials: Identifying the Client

When they include the right language, cover the important topics, and are delivered effectively, engagement letters are some of the most effective tools in avoiding malpractice claims and [...]

Preventing Legal Malpractice Claims With Engagement Letters

Every lawyer has seen any number of articles or heard any number of lecturers or CLE instructors talk about the importance of using engagement letters. Even so, many lawyers still shy away from [...]

5 Reasons To Shop For Professional Liability Insurance

No matter what kind of insurance we’re talking about, it’s no secret that rates tend to creep up year after year. The increases may be small, but eventually they add up. Professional liability [...]

4 Ways to Save on Legal Malpractice Insurance

Back in March of 2018, while at the Legal Malpractice and Risk Management Conference, the risk management director for a major carrier discussed the importance of engagement letters and the [...]

The “Art” of Getting Paid: What is Your Law Firm’s Collection Rate?

After logging many long and hard hours on a client’s case, it is now time to get paid for the work! However, statistics show that many attorneys struggle with collections.  If billing is the [...]

10 Apps Every Lawyer Should be Using

There are many apps that can help lawyers be more efficient, and also apps that can help lawyers avoid a malpractice claim. But which apps are the best choice for you, and which ones are going to [...]