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Posted on: September 12, 2019 by Huntersure
Liability policies for clients are usually broken down into two categories: occurrence or claims-made. This system helps to streamline the process of handling claims, expediting everything from payouts to updating a current policy’s limits. An occurrence policy provides coverage for claims that result from an injury or another event that occurs during the term of […] Read More
Posted on: September 5, 2019 by Huntersure
There are a number of factors that play a role in professional liability risk insurance. From economic issues to nationwide litigation trends, the professional liability insurance market can change at the drop of a hat. In 2019, financial and professional liability insurance rates in the U.S. increased by seven percent and will probably continue to […] Read More
Posted on: August 8, 2019 by Huntersure
A difficult concept for purchasers of professional liability insurance is what prior acts coverage refers to as well as claims-made policies. A negligence claim against a lawyer or any other type of professional, such as an accountant, typically evolves from services that were provided many years before the time of the claim. With this in […] Read More
Posted on: June 20, 2019 by Huntersure
Clients seeking out the right legal representation have a lot to consider, including reputation, price, and the lawyer’s track record of winning cases. But it’s just as important for the lawyer in question to be just as risk-averse when picking up a new client. Risk management is most effective before the attorney-client relationship begins, as […] Read More
Posted on: June 13, 2019 by Huntersure
Confidentiality agreements, or clauses, in settlement cases draw the line in legal matters today. Breaking a confidentiality agreement can lead to a breach of contract situation, which will then in turn bring on damages to the party that broke the clause. Defendants in a case usually force plaintiffs into confidentiality agreements as most plaintiffs don’t […] Read More
Posted on: May 16, 2019 by Huntersure
Fraud is on the rise all across the country and across many industries. From personal tax returns to companies taking advantage of their clients, fraud continues to be a major issue. In New York, there are already efforts to combat fraud in state taxes, meaning the alarm bells for fraud, in general, are already sounding. […] Read More
Posted on: May 2, 2019 by Huntersure
Accountants have a very important job during tax time, but that doesn’t mean they should slack in their relationship with their clients throughout the rest of the year. It’s important for accounting professionals to keep open communications with their clients through the entire year and know how to prioritize the topics in which they go […] Read More
Posted on: January 10, 2019 by Huntersure
Tax season is just about to get underway and accountants are already preparing for another busy season. While there may be a lot of things to get in order, such as all the relevant files and coordination with clients, there needs to be an emphasis on understanding the liabilities and duties of an accountant to […] Read More
Posted on: December 6, 2018 by Huntersure
For practicing attorneys, there should be a high level of importance on ensuring that they’re serving their clients as effectively as possible. But even with the best intentions in mind, there are still opportunities where liabilities can arise. Malpractice claims can be produced for any small number of issues. But even with small issues, there […] Read More