Statute of Limitations and the Oklahoma Governmental Tort Claims Act

Every year, it seems we have at least one claim that is the failure to provide timely notice under the Oklahoma Governmental Tort Claims Act, 51 O.S. §151 et seq. Usually, we see this problem in the context of a claim against a medical provider, such as an ambulance service or even a hospital. By the time plaintiff’s counsel finds out the defendant is considered a political subdivision under the Oklahoma Governmental Tort Claims Act, the statute of limitations [...]

Read more...

PHIL’S CORNER: Moving Past Diversity to Inclusion

Co-written by Phil Fraim and Zindaba Tembo FROM DIVERSITY TO A DIVERSE TEAM Phil Fraim, President and CEO The topic of diversity and inclusion is an important one. However, it is also one that people have heard so many presentations about and been involved in so many educational or training sessions on that they have become weary or desensitized. That is not to infer this is a reasonable reaction, or even understandable. Rather, merely an observation based on statements some have made. Someone [...]

Read more...

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 [...]

Read more...

5 Tips for Writing for Nonlawyers

A lot of what lawyers write is for other lawyers – briefs, emails and letters all be intended for someone also in the practice of law. There are times, however, when what you write may be intended for nonlawyers. Whether composing social media posts, writing a blog post or even just creating or updating text on your firm website, below are tips to make your writing as layman friendly as possible. 1. Avoid acronyms and abbreviations. Imagine your physician explaining test [...]

Read more...

PHIL’S CORNER: Completing the Firm’s Insurance Needs

Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim that is sent in our e-newsletter each month. No big surprise that professional liability insurance is the biggest need for law firms, since it represents the largest exposure for lawyers, as well as other professions like doctors, accountants and architects. For that reason, we will never take our eye off the goal of being the very best professional liability insurer for the Oklahoma legal community. Any business, including [...]

Read more...

Basic Tips for Building a Law Firm Website

It’s no secret, every business needs a website. If you have the budget, an easy option is for someone else to build it. If you have an even bigger budget, hiring a company to build and manage it is even easier. However, if you don’t have the budget for either of those, you can build one yourself. Building your own website sounds a little daunting, but thankfully lots of platforms offer an easy setup that lets you get a site [...]

Read more...

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 [...]

Read more...

PHIL’S CORNER: Impact of COVID-19 on LPL Claims – If Any

Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim that is sent in our e-newsletter each month. So far in 2020, claims in our office have been improved both in the number of new matters and the average size of those matters. Is this a false sense of security, the calm before the storm? It is way too early in the game to make predictions on what is known as a relatively long-tail line of coverage. [...]

Read more...

Factors in LPL Pricing

A common question from prospective insureds is how much does coverage cost? That is a tough one for which to craft an answer. As you might imagine, some of it depends upon the limit and, to a lesser degree, the deductible. There are also other factors that have an impact, even if in a smaller way. We previously discussed adequate or appropriate limits for the firm, so here we’ll examine factors that influence rating below. Limits and Deductible If you think [...]

Read more...

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 [...]

Read more...