Why Does Your Business Need a Cyber Risk Assessment? In today’s digital age, every business is vulnerable to cyber threats, regardless of its size or industry. A cyber risk assessment is not just a precaution; it’s an essential safeguard that helps protect your business from potentially devastating cyber attacks. Attorneys First Insurance strongly recommends conducting…
Why does having E& O insurance make clients more confident in your firm or agency? In the fast-paced, high-stakes world of law firms and title agencies, building trust with clients is paramount. A critical way to establish and maintain this trust is through comprehensive coverage, particularly Errors and Omissions (E&O) insurance. Attorney’s First Insurance (AFI)…
How E & O Insurance protects your firm or agency. Running a business involves various risks, especially for professionals like attorneys and title agents. One of the most crucial types of insurance to protect your business from potential financial ruin is business E&O insurance. This guide will explain E&O insurance, its importance, and how it…
In today’s digital age, cybersecurity is a fundamental concern for all businesses, particularly for attorneys who handle highly sensitive information. Legal professionals are often targets for cyberattacks due to the valuable data they manage, including personal details, business transactions, and intellectual property. Implementing robust cybersecurity measures is not just a technical necessity but a professional…
Why do title agents need E&O insurance? Being in business involves some level of risk. Many errors made by yourself, or your employees can trigger legal action. Title agents are especially susceptible to errors and omission lawsuits because they deal with expensive property transactions. With limitless ways a real estate transaction can go wrong, there…
What is the Hammer Clause? The hammer clause is a common provision in errors and omission (E&O) insurance. An insured is sued by a client for an error when providing professional services. After careful analysis of the allegations, the insurer recommends an offer to settle the claim. The insured, however, chooses not to settle the…
Common E&O claims attorneys face. As an attorney, providing professional services in today’s increasingly litigious environment, you could easily be sued by a disgruntled client who may feel they’ve suffered a loss due to your actions or inactions. Whether the mistake is actual or alleged, E&O claims against attorneys can amount to large financial losses and…
What is E&O Insurance? Your Ultimate Guide to Errors and Omissions Insurance It’s designed to provide coverage or shield lawyers from financial losses arising from lawsuits instituted by clients for perceived errors stemming from their practice. A liability policy pays on behalf of the “Named Insured.” Read on to find out what is E&O insurance,…