Avoid Ethical Missteps in Your Law Firm’s Social Media

Avoid Ethical Missteps in Your Law Firm’s Social Media I’ll spare you the introduction about how ubiquitous social media is because, well, it is. Love it or hate it, social media is vital in modern communication. Since we last covered “Why Your Law Firm Needs a Social Media Presence,” not much has changed in the landscape of social media platforms. For Americans, YouTube and Facebook are still the most-used social media platforms, followed by Instagram in second. Others, like LinkedIn, Twitter...

Looking at Oklahoma’s Most Common Bar Complaints

Looking at Oklahoma’s Most Common Bar Complaints The Oklahoma Bar Association publishes Professional Responsibility Commission Annual Report (PDF). It includes disciplinary actions taken by the commission as well as grievances filed by members of the public. As interesting as the first one is, we’ll be exploring the latter. Although a claim of malpractice is very different than a bar grievance, and one doesn’t always correlate to the other, they do share some important traits. First, an unhappy client doesn’t necessarily mean...

Nuts and Bolts: Understanding the Parts of Your Policy

Nuts and Bolts: Understanding the Parts of Your Policy Insurance is what we do. We live and breathe it, so we understand it. However, like lawyers talking to nonlawyers, sometimes it’s easy to forget not everyone knows the terms and phrases associated with our industry. To be sure you understand your policy, we’ve broken down its parts as well as some of the most common insurance terminology for which we receive questions. As always, if you have questions about your policy,...

How the Number of Attorneys Affects Premiums

How the Number of Attorneys Affects Premiums I get questions from time to time along the lines of “Why is my insurance twice as much just because I now have two lawyers at the firm instead of one?” I promise this won’t be a primer on insurance, but to really answer that question, we have to back up and look at the basis to which rates are applied in order to determine your premium. This is formally referred to as...

What is Cyber Liability Insurance & Do I have It?

What is Cyber Liability Insurance & Do I have It? You know cybersecurity is important. We know you know cyber security is important. It feels like the whole world preaches the importance of cybersecurity because – well – it’s important. But although it’s vital for everyone, it’s even more so for law firms because they handle sensitive client information. We’ve provided articles on how to avoid phone scams, wire transfer fraud, phishing emails and other common technology-related crimes law firms often...

Ready for a Vacation? Tips for Lawyers Looking to Get Away

Ready for a Vacation? Tips for Lawyers Looking to Get Away We learned all the hobbies, we baked all the breads, we watched all the Netflix – but even with all that, 16 months is a long time to be cooped up. As the world begins to reopen, we’re all eager shake off this cabin fever. For lawyers, however, being away from the office can be a little more complicated than other professions. Whether you’re planning an actual getaway or just...

Considerations for Attorneys With Clients in Cannabis-Related Businesses

Considerations for Attorneys With Clients in Cannabis-Related Businesses We were probably the first lawyers professional liability insurer to openly declare the willingness to write coverage for law firms providing legal services to cannabis business clients. Many insurers declined to underwrite firms with these types of clients, while others crafted specific exclusions for claims arising from clients in a cannabis business. On the other hand, we felt this niche area of practice was largely business transactional, along with corporate and business...

Don’t Be Someone’s Big Catch: Tips to Avoid Phishing Scams

Don’t Be Someone’s Big Catch: Tips to Avoid Phishing Scams Scam emails have been around nearly as long as email itself, and unfortunately they’re not likely to go away any time soon – or maybe ever. What Exactly Is Phishing? There are a lot of scams, and phishing is just one type. Phishing is a technique to obtain information like login credentials, credit card numbers or other sensitive data by impersonating a trustworthy business or person. One very common example is a...

PHIL’S CORNER: Prior Acts – the 2nd Trigger of Coverage

PHIL’S CORNER: Prior Acts - the 2nd Trigger of Coverage Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim. We have made an effort to make sure policyholders have an understanding of a claims-made policy, on which professional liability is written. The easiest means to do so is to focus on the major differentiations from an occurrence-based policy. What is known as the “first trigger” of coverage in a claims-made form is that a policy must be in...

The Two Biggest Errors in Oil & Gas Practices

The Two Biggest Errors in Oil & Gas Practices According to the U.S. Energy Information Administration, Oklahoma is ranked fourth in the top oil-producing states in the country. Oil and gas is a rewarding business, not just for the country and state, but for attorneys who practice in this area. However, like with most resources that generate lucrative income, it comes with risks and requires complex knowledge and expertise. Unlike most countries, oil and gas resources in the U.S. are privately...