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Professional Liability Blog

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.

Professional Liability Blog
September 26, 2023

Avoiding Trials and Tribulations: Common-Sense Policies to Shield Your Company Amidst an Increase in the Number and Severity of Professional Liability Claims

Amidst an increase in the number and severity of professional liability claims, design-professionals can protect themselves and reduce the risk of a claim by focusing on their core expertise, choosing the right clients, entering into favorable contracts, and maintaining written records and communications. 

Professional Liability Blog
April 27, 2023

Honesty is the Best Policy

Many professionals know their liability insurance policies are written on a “claims-made” basis, meaning the policies provide coverage for claims made within the policy period and not when the event occurs. Due to the nature of these policies, those seeking coverage are required to report all known pending or potential claims when submitting applications for new policies or renewing existing ones. A recent ruling from the United States District Court for the Western District of Missouri highlights the importance of honest reporting of all pending and potential claims. See N. Am. Capacity Ins. Co. v. KM Teh Realty 5, LLC.

Professional Liability Blog
February 28, 2023

Don’t Question My (Seller’s) Authority!

Attention real estate agents, brokers, lenders, and title insurance agencies! As the residential and commercial real estate markets continue to evolve and fluctuate in 2023 with the financial markets that impact and drive them, seller authority to convey land continues to be a hot topic.

Professional Liability Blog
February 8, 2023

Texting a Client: Is it Okay?

As much as we all correspond by text and other instant messaging means these days, it is not surprising that many professionals also use texting to communicate with clients. It is convenient.