OAMIC Resources

Pile of screws

Nuts and Bolts: Understanding the Parts of Your Policy

Nuts and Bolts: Understanding the Parts of Your Policy Insurance is what we do. We live and breathe it, so we understand it. However, like lawyers talking to nonlawyers, sometimes it’s easy to forget not everyone knows the terms and phrases associated with our industry. To be sure you understand your policy, we’ve broken down […]

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Abacus

How the Number of Attorneys Affects Premiums

How the Number of Attorneys Affects Premiums I get questions from time to time along the lines of “Why is my insurance twice as much just because I now have two lawyers at the firm instead of one?” I promise this won’t be a primer on insurance, but to really answer that question, we have […]

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What is Cyber Liability Insurance & Do I have It?

What is Cyber Liability Insurance & Do I have It? You know cybersecurity is important. We know you know cyber security is important. It feels like the whole world preaches the importance of cybersecurity because – well – it’s important. But although it’s vital for everyone, it’s even more so for law firms because they […]

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Marijuana

Considerations for Attorneys With Clients in Cannabis-Related Businesses

Considerations for Attorneys With Clients in Cannabis-Related Businesses We were probably the first lawyers professional liability insurer to openly declare the willingness to write coverage for law firms providing legal services to cannabis business clients. Many insurers declined to underwrite firms with these types of clients, while others crafted specific exclusions for claims arising from […]

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Phil-Fraim

PHIL’S CORNER: Prior Acts – the 2nd Trigger of Coverage

PHIL’S CORNER: Prior Acts – the 2nd Trigger of Coverage Phil’s Corner is a special column from OAMIC’s President & CEO Phil Fraim. We have made an effort to make sure policyholders have an understanding of a claims-made policy, on which professional liability is written. The easiest means to do so is to focus on […]

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Oil site

The Two Biggest Errors in Oil & Gas Practices

The Two Biggest Errors in Oil & Gas Practices According to the U.S. Energy Information Administration, Oklahoma is ranked fourth in the top oil-producing states in the country. Oil and gas is a rewarding business, not just for the country and state, but for attorneys who practice in this area. However, like with most resources […]

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Court Bonds

Court Bonds 101 (and How to Get One)

Court Bonds 101 (and How to Get One) As most lawyers know, a court bond is a tool to ensure a party will fulfill their responsibilities as ordered by law. Probate attorneys, for example, must often post a bond on behalf of an executor, administrator or conservator of an estate. However, the need for a […]

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Handcuffs with thumbprints

Criminal Malpractice Lawsuits May Be Fewer, but No Less Costly

Criminal Malpractice Lawsuits May Be Fewer, but No Less Costly Criminal defense malpractice lawsuits are not common and are significantly different from civil cases when proving malpractice. Apart from the difficulty involved in proving ineffective assistance of counsel, the plaintiff must first overturn the criminal conviction before pursuing the malpractice lawsuit. There is a huge […]

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