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Category: Insurance & Risk Management

Loss Prevention Tip #41

Avoid Ransomware Viruses Recently, law firms across Canada have been hit by a computer ransomware virus called MAZE. As a result of this virus attack, they have no access to email, Word, their accounting software, or any of their backups, including cloud backups. Everything is tied up by MAZE and they have been asked to...

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Loss Prevention Tip #40

The Seven Cs of Good Practice Management Good practice management supports an effective and efficient practice, often leads to happier clients and helps to prevent complaints and negligence claims. Here are the Seven Cs of Good Practice Management: Competence: Recognize your limitations and ask yourself whether you are competent to handle the matter before you...

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Introducing: Stress Solutions – A new Life Smart coaching service

Homewood, your Professional Assistance Provider (PAP) is introducing Stress Solutions – A new Life Smart coaching service Designed through prevalence and growing necessity, and now paired with recent professional and personal complexities surrounding COVID-19, the resiliency and limits of today’s diverse and multigenerational workforce have demonstrated the need for additional support. A recen

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Notice to Members: Report any Insurance Claims Now

Report any insurance claims before June 30, 2020 The current professional liability insurance policy for practicing members expires on June 30, 2020. This means that before June 30, you must report any potential problems that you know about now which might possibly, at some point in the future, give rise to an insurance claim against...

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Excess Insurance Coverage

To say the pandemic has resulted in financial pressure for just about everyone goes without saying. But is this the year to cut corners and skip the purchase of excess insurance over and above your mandatory $1 million professional liability coverage? That’s a business decision. Each lawyer and firm has to assess their own risk...

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