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Jun 12 2017
The following notary law changes for the State of Indiana will be effective 7/1/2018:
Notaries must have a $25,000 surety bond. All Notaries renewed with a date prior to 7/1/2018 are grandfathered at the $5,000 bond amount until their commission expires.
The Indiana Notary Bond form is not changing; however, a copy of the bond will have to be uploaded upon registering with the Indiana Secretary of State. Also, the applicant will have to pass an expanded online exam duri...
May 16 2017
The latest cyber attack called WannaCry affected over 300,000 machines in 150 countries last week. Over 9,000 computers were infected per hour when the attack peaked Friday May 12th. Countries hit hardest by this cyber attack are Russia, Ukraine, India, and Taiwan.
The ransomware used a Windows file sharing vulnerability. Essentially, the virus locks up a PC and demands a $300 ransom from the owner to unlock it. By Monday, the demand doubled to $600.
May 9 2017
As a boutique insurance agency, RITMAN specializes in all things property and casualty with an emphasis on professional liability insurance for lawyers. We provide insurance solutions for professionals, businesses, and individuals. You take pride in what you do. So do we.
Why do you need Professional Liability Insurance?
Ensure your ability to make a living
Protecting your business and personal assets
To make your client whole should you or a staff member make a ...
May 1 2017
Today is known as Law Day. It is a day of observance that originated in 1957 when President Charles Rhyne of the American Bar Association wanted a way to celebrate the US legal system. The following year, US President Dwight Eisenhower officially established Law Day by issuing a proclamation. It is now an annual tradition for each President to issue a Law Day proclamation on May 1st.
The theme for this year's Law Day is The 14th Amendment: Transforming American Democracy. To learn m...
Apr 7 2017
RITMAN Agent Adam Gwaltney focuses on legal professional liability, title agent errors & omissions liability and cyber liability insurance. Read his latest blog below regarding Cyber Crime.
Cyber crime in the form of ransom attacks continues to rise...no matter who you are or what your company does. Falling into a ransom attack is like walking into a minefield, it is totally indiscriminate. These attacks can cripple your business at a minimum. Recent industry reports ind...
Feb 9 2015
Law firm stores closed files in a remote access storage facility. As has been the usual course for several years, the lawyer travels to the facility to retrieve a file and is told that the storage facility has been sold and the new owner has transferred the firm’s files to an out of state facility without the law firm’s knowledge or permission. Oh, S#&@! The new storage facility owner does not have an inventory of what was removed from the old unit or what was de...
May 14 2014
How does Worker's Compensation Coverage differ between Corporations, Partnerships, LLCs, LLPs, Sole Proprietorships and Professional Corporations?
Partnership / LLP
Equity Partners are not automatically included.
Equity Partners may elect to be included.
If the Equity Partners choose to remain excluded from coverage, respond in the following manner on your audit: provide compensation figures for Partners but note "Partners - Not Applicable" on the audit form.
Feb 20 2014
Data records compromised over time:
Hackers figured out ways around security
Drop due to added security
Further added security
Hackers figured out ways around security
IT catching more hackers before breach but only matter of time before hackers will have figured ...
Feb 9 2014
1. Missing deadlines
Utilize dual calendars
Proper date calculations
2. Conflicts of interest and matter
Representation of both parties
Personal involvement with a client's business
Proper ID at engagement
3. Poor client relations
Have clear and timely communication
Clear engagement/declination letters
Clear expectations up-front
4. Ineffective client screening
Thorough intake process
Conflict check with other firm mem...
Feb 6 2014
Whose E & O is it if an application comes in late? If you have had 30 to 60 days to complete an application but you give it to your agent the day before you renew, when are you insured? Who holds the power? You? The agent? The carrier?
What happens when, having received your application 24 hours prior to your expiration date, the current carrier determines it will not renew your policy due to new information contained in your application? Do you have new practice areas? Did you decide...