OAMIC Resources

Abacus

Why the RLI Personal Umbrella Policy Is a Smart Choice

Unexpected events happen more often than we think they do. To protect your financial assets and family, RLI has designed an affordable personal umbrella policy to provide an extra layer of coverage above your basic homeowners, renters or auto policies. The RLI personal umbrella policy is affordable and can be purchased in increments of $1 […]

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Why You Need a Personal Umbrella Policy

Let me start off by saying no one, and certainly no professional, should be without a personal umbrella insurance policy. Although it will not extend over your legal services or business coverage exposure (i.e., workers comp), the benefit of this coverage extending limits above your personal auto and homeowners coverages far outweighs the relatively minimal […]

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Client Engagement Letter: ‘Why Not?’

I am still amazed when firms say they don’t use an engagement letter, or don’t use one most of the time, especially on repeat business with a client. My response is usually, “Why not?” After all, the letter can be pretty much boilerplate, so we are not talking about a huge effort in crafting something […]

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How Can an Economic Downturn Impact Your Firm?

Let’s set the stage with a presupposition with which you may or may not agree. It is the natural order of things that when as much was done to stimulate the economy during the pandemic, the bill will come due. I think we are about to pay the piper to some extent. That means rough […]

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Safeguard Your Practice in Uncertain Times

History has shown that stressful economic times leads to a higher number of legal malpractice claims. For example, following the 2008 recession, legal malpractice claims in the U.S. rose sharply. Theories abound as to why this is the case. Reasons for a recent increase may include changes to court rules and procedures related to COVID, […]

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If You Aren’t Prepared for a Cyber-Risk Insurance Application, You’re Not Prepared for a Cyber Attack

This resource has been written by guest author Collin Walke. Mr. Walke leads Hall Estill’s Cybersecurity and Data Privacy Practice. He is CIPP-US and CIPM certified and is a certified artificial intelligence systems auditor. Mr. Walke received his B.A. in philosophy from Oklahoma State University, his J.D., magna cum laude, from Oklahoma City University School […]

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5 Tips to Avoid a Ransomware Attack

If you are an OAMIC-insured law firm, you have comprehensive cyber and data breach coverage provided automatically. It is included with your LPL policy at no additional cost to you. It’s great in the event that you have a cyber-related incident. But even with the coverage, the assistance of experts and the restoration of data, […]

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Top 5 Ways to Mitigate a Charge of Discrimination

This resource has been written by guest author Katherine Mazaheri. Ms. Mazaheri is an Oklahoma trial lawyer who regularly represents plaintiff employees in all areas of employment law, including litigation in state and federal courts, in mediation, before administrative agencies such as the EEOC, Department of Labor and Oklahoma Employment Security Commission. She also trains […]

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Understanding Your Workers Compensation Policy

Understanding Your Workers Compensation Policy

Most people are familiar with workers compensation coverage and what it commonly covers: benefits or lost wages resulting from an injury or disease sustained while performing work related duties. This part of your workers compensation insurance policy is generally referred to as “Part One,” “Part A” or “Coverage A” – the part that covers the […]

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