One undercooked way to reduce the risk of professional liability is to use strong, unique passwords for logins. This article explains why and, most importantly, how.
We explore and analyze current issues and relevant topics to help accountants, attorneys, architects and engineers, insurance agents and real estate brokers avoid a professional liability case.
Missouri Court Refuses to Extend the Ability of a Non-Client Third-Party to Maintain a Professional Negligence Action Against an Accounting Firm
The Missouri Court of Appeals, Eastern District affirmed summary judgment for an accounting firm, finding a non-client (third party) of the accounting firm could not show as a matter of law the accounting firm caused it any injury.
Insurance Broker Owes No Duty to Advise Employer of Duty to Maintain Workers’ Compensation Coverage, Nebraska Supreme Court Holds
Nebraska Supreme Court rules insurance broker owed no duty to advise employer of insurance obligations under workers’ compensation act.
Missouri Court Rules Legal Malpractice Claim Survives Death of the Client and Reaffirms Objective Standard for Reporting Claims to a Malpractice Insurer
The Missouri Court of Appeals, Eastern District confirmed an attorney is judged by an objective standard when determining whether the attorney should have reported a potential claim to his or her legal malpractice insurance carrier. Additionally, the court held a legal malpractice cause of action survives death of the client.
In our first segment, we discussed the basic coverage provisions of a professional liability insurance policy and the concept of wasting policy limits. In this second segment, we will talk about exclusions commonly found in a professional liability insurance policy.