Ritman Insurance Insights
Posted
Apr 3 2017
Social Engineering Fraud is rampant with attacks originating from around the globe, as well as from your own back yard. Impersonation of management personnel or a client to deceive a staffer happens every single day.
Is your firm protected if an employee unknowingly provides data or financial access that could cost you thousands or even millions? Watch the following video provided by Chubb and contact us right away to review your cyber liability coverage.
Posted
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...
Posted
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.
...
Posted
Feb 20 2014
Data records compromised over time:
2008
60,000,000
Hackers figured out ways around security
2009
144,000,000
Drop due to added security
2010
4,000,000
Further added security
2011
174,000,000
Hackers figured out ways around security
2012
44,000,000
IT catching more hackers before breach but only matter of time before hackers will have figured ...
Posted
Feb 9 2014
1. Missing deadlines
Utilize dual calendars
Proper date calculations
Cross-check
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...