Archive for category: Previous Event

When: 7/26/2018
Where: ISBA Mutual Offices
What: Lunch and Learn: Anatomy of a Lawyers’ Professional Liability Policy

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Lawyers have a professional responsibility to put the needs of their clients first, and part of that responsibility is making their client whole in the event of a professional error that causes harm. That’s why lawyers purchase professional liability insurance. But what exactly is in the policy? This presentation outlined the who, what and when of a lawyers’ professional liability insurance policy so that lawyers can make an informed decision that protects them and their clients. Specific topics presented include:

• What is a Claim? What is Malpractice?
• Coverage Agreements
• The Named Insured
• Common exclusions
• Essential dates
• Common conditions that may or may not influence coverage
• Supplemental coverages
• Explanations of other common policy terms

1.0 hour of approved MCLE credit, including 1.0 hour of professional responsibility MCLE credit.

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Speakers:

• Mosea Harris, Claims Examiner, CCP, ISBA Mutual Insurance Company
• Orsola Meo, Underwriter, ISBA Mutual Insurance Company

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Handout:

• Anatomy of a Lawyers Professional Liability Policy (slides)
• Glossary of Insurance Terms

When: 7/12/2018
Where: ISBA Mutual Offices
What: Lunch and Learn: Essentials of Trust Accounting: IOLTA Accounts & Beyond

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This session addressed lawyers’ duties when handling client funds, starting with the requirements of Rule of Professional Conduct 1.15 (often referred to as the safekeeping of property rule). The presenters explored the specifics of Rule 1.15 and offered practical guidance on issues including what types of funds must be placed in a client trust account, using an IOLTA account, keeping required trust account records, and employing best practices and trust account management to ensure client funds are protected and lawyers stay out of trouble.

1.25 hours of approved MCLE credit, including 1.25 hours of professional responsibility MCLE credit.

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Speakers:

• Mary Andreoni, Attorney Registration & Disciplinary Commission, Ethics Education Counse
• David Holtermann, Lawyers Trust Fund of Illinois, General Counsel

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Handouts:

• Essentials of Handling Client Trust Accounts – Andreoni
• Trust Accounting IOLTA and Beyond – Holtemann

When: 6/12/2018
Where: Geneva, IL
What: Kane County Bar Association – The 11th Hour Seminar
Presentation: The Secrets of a Lawyers’ Professional Liability Policy

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Insurance policies are not meant to contain secrets. Many lawyers (probably most) never read their policy and do not know what features and benefits are provided. This course took a close look at the most misunderstood concepts people have about lawyers’ professional liability insurance. Little known features, benefits and best practices were also discussed to make participants get the most out of their policies. This information can help you protect the interests of both your firm and your clients.

This course focused on what insureds should know but commonly don’t understand about this type of insurance, including:

• How does liability insurance differ from other kinds of insurance?
• What benefits does a professional liability policy provide?
• Who is covered? The Named Insured
• Prior Acts Date and other important dates
• Incidents, Claims and Risk Management
• Conditions and Exclusions you should be aware of
• Extended Reporting Periods

Full seminar provided 6.0 credit hours MCLE.

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Speaker:

• Brian Olson, Director of Member Services, ISBA Mutual Insurance Company

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Handout:

• The Secrets of a Professional Liability Policy (slides)

When: 6/7/2018
Where: www.atgf.com
What: Attorneys Title Guarantee Fund Agent Webinar
Presentation: Understanding Exposures in a Legal Liability Claim: Real Estate Example

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This course used a real estate case study to showcase what risk, liability and firm exposures are present when representing a client. Loss prevention topics that can help identify and protect against risk were also discussed.

1.0 hour of approved MCLE credit, including 1.0 hour of professional responsibility MCLE credit.

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Speaker:

• Brian Olson, Director of Member Services, ISBA Mutual Insurance Company

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Handouts:

• Real Estate Lawsuit Background Handout
• Understanding Exposures in a Legal Liability Claim (slides)

When: 5/31/2018
Where: Naperville, IL
What: ISBA Mutual Loss Prevention Bootcamp

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Malpractice insurance protects you in the event of a lawsuit, but preventing losses in the first place is key to safeguarding your practice and protecting your professional reputation. This half-day seminar discussed the importance of a professional liability policy, analyzed a legal liability negligence claim, and explored how loss prevention can help you avoid or minimize professional responsibility risks. A complimentary networking lunch preceded the seminar.

Preceded by complimentary networking lunch.

3.0 hours of approved MCLE credit, including 3.0 hours of professional responsibility MCLE credit.

*Upon renewal of their ISBA Mutual policy, the firms of attendees will receive a $100 premium credit for every lawyer who attended and completed the entire bootcamp, subject to the following conditions.

• Each premium credit will be issued in the name of the participating lawyer and is not transferable. The premium credit may only be used by the lawyer to whom the credit was issued.
• The premium credit may only be redeemed once per lawyer, per policy renewal on policies with renewal dates after the bootcamp date in which the lawyer attended.
• Lawyers can only use one policy credit per policy renewal, regardless of the number of events they attend. If a lawyer attends both the Loss Prevention Bootcamp and the Jerry Mirza Risk Memorial Management Conference or multiple sessions of either, the total premium credit applied will not exceed $100.

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Speakers:

• Jeff Strand, President & CEO, ISBA Mutual Insurance Company
• Janet Raap, Vice President of Underwriting, ISBA Mutual Insurance Company
• Andrew Murray, Director of Sales, ISBA Mutual Insurance Company
• Brian Olson, Director of Member Services, ISBA Mutual Insurance Company

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Handouts:

• ISBA Mutual Real Estate Lawsuit Background
• Understanding Exposures in a Legal Liability Claim (slides)
• Glossary of Insurance Terms
• Anatomy of a Lawyers Professional Liability Policy (slides)
• Here Today Gone Tomorrow – Succession Planning and ERP (slides)