Loss Prevention Articles
Risk Briefing … Fee Suits
A common question raised by our professionals concerns the pursuit of outstanding unpaid fees owed to the firm: “Can I sue for my unpaid fees?” Risk Managers and claims personnel are not authorized to provide legal advice. Instead, we can offer a historical perspective on how clients typically respond to similar collection actions.
The ABC’s of E&O Insurance
Professional liability insurance is designed to cover organizations or persons that render professional services for the liability exposure they face for a failure to use due care and the degree of skill expected of a person. In medical fields, this is generally referred to as malpractice insurance. In non-medical professions, it is usually called errors and omissions insurance.
Sweat the Small Stuff (So You Don’t End Up With Big Problems)
Check, recheck, document, and supervise; these simple tasks can be crucial to your reputation and opportunities. Proofreading. Ugh! It probably conjures up images of college term papers or maybe that fussy eighth grade English teacher who valiantly tried to teach you...
Lessons from Litigation
Differences of opinion. Disagreements. Mediation. Lawsuits. Litigation. Even if you are vigilant in taking all of the necessary precautions to manage your risk of being sued, sometimes events and circumstances are aligned in such a way that a claim or lawsuit is...
Help—I’ve Been Sued! What To Do (& Not Do) If It Happens to You
The sheriff, process server, or maybe the mail carrier with a certified letter has just exited your office, leaving you with a thick sheaf of papers labeled: ABC Bank vs. Mary Q. Appraiser. What do you do next? First, let’s talk about what you should not do: 1. Don’t...
Document, Document, Document!
The buzzword for the real estate industry might be “Location, Location, Location,” but to help prevent and mitigate a potential Errors & Omission claim, the motto should be: “Document, Document, Document!” If followed religiously without fail, this motto can save...