Isaac Fraim, Author at OAMIC: Legal Malpractice Insurance

One Less Thing to Worry About When Opening Your Practice

The thought of opening your own practice is thrilling – the prospect of being your own boss and building something all your own is no doubt one of the most exciting endeavors in any profession. However, it can be a little scary too, knowing you’re entirely responsible for every aspect of your livelihood. Ensuring you’ve filed all the proper forms and secured adequate office space can be daunting enough, but there are a lot of other details that can [...]

Don’t Risk It: Why Even Good Lawyers Need Insurance

As an attorney, you work hard to provide your clients with the best services and advice possible. However, a client who experiences negative outcomes after using your services could present a risk for you. Lawyers professional liability (LPL) insurance is designed to protect you when this happens. Without LPL insurance in place, you could be personally vulnerable if a claim is brought against you. This type of insurance covers acts, errors or omissions arising out of your professional services [...]

Who is covered by your LPL and how does that affect pricing?

When law firms are reviewing our lawyers professional liability (LPL) insurance policy, we are asked a myriad of questions concerning pricing and coverage. While these subjects are important, they can get very detailed and complicated, so it’s important to have a good understanding of the basics of your LPL policy to better understand who and what are covered, and how that is reflected in your premium.Every policy we issue will always include the Named Insured List. A named insured [...]

What’s in a Name: Professional Liability, Legal Malpractice, Professional Indemnity, and Errors and Omissions

As a lawyer, you probably know that it’s in your best interest to have insurance in place to cover the legal services you provide. When looking into your insurance options, or even in conversations with other lawyers or professionals, you may have come across these terms: professional liability (PL), errors and omissions (E&O), malpractice and even professional indemnity. Have you ever wondered which of these is right for you? If you aren’t sure what these terms mean, let alone [...]

Tips for Returning to the Office

Being back to the office, like from an extended work-from-home period, can be tough. Even those who kept a strict routine while working remotely might find it hard to get back to work in a traditional sense – you may have gotten out of bed, dressed and to your home office by 9, but you likely didn’t have to steam your suit, pack a lunch or compensate for a commute time. For those at firms that kept their offices [...]

Remote Work: Tips for Law Firms

In the last five years alone (and pre-COVID-19), remote work has grown 44%, according to an analysis done by Global Workplace Analytics and FlexJobs. Additionally, 90% of employees say allowing for more flexible work arrangements and schedules would increase employee morale, which directly correlates to employee retention. This drastic increase is largely a result of technology, which makes remote work seamless and desirable.For law firms specifically, there are two common approaches to remote workers. The first is to have [...]

Phone Scam Warning Signs and How to Protect Yourself

A phone scam, also called telemarketing fraud, refers to any type of scheme in which a criminal communicates with the potential victim via phone, including both phone calls and text messages (via Cornell Law School). This method is often effective, as reputable companies do legitimately use telemarketing to conduct business — meaning it can be difficult to distinguish between what’s real and what’s a scam. WARNING SIGNS There are many different types of phone scams, but they always involve trying to [...]

Practical Tips to Improve Efficiency at Your Law Office

Solo lawyers run their own show and wear many hats, while also facing several challenges. But of all the challenges, time management just might be the most difficult to handle. To give your practice the best chance of success, you must be efficient, meaning you achieve maximum productivity with minimum wasted effort or expense. Here are a few tips to help keep your overhead low and your efficiency high. BATCHING AND AUTOMATED TASKS:Batching: Doing similar tasks in one sitting instead of [...]

OAMIC Announcement: New Insured Portal Goes Live

At OAMIC, our goal is to continue raising the bar for our insureds. We are the only local provider of legal malpractice insurance, and that’s not something we take for granted. We strive to always provide unparalleled customer service. In this day and age, that customer service committment must extend to our online portal. The redesigned portal has many enhancements, including these key features: ACCESS IT ANYWHERE. The new portal includes a fully-responsive design, meaning you can easily access it from [...]

8 Easy Tips to Increase Data Security at Your Law Firm

In 2012, then-FBI director Robert Mueller said, “I am convinced that there are only two types of companies: those that have been hacked and those that will be. And even they are converging into one category: companies that have been hacked and will be hacked again.” Mueller’s observation continues to be true today for large global companies and small business alike — including law firms. There have been numerous reports over the last decade about law firm data breaches in [...]

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