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The negligent act is called legal malpractice and the insuring contract is called lawyers professional liability insurance. or LPL [3] Malpractice coverage is very important to attorneys because a bad case can produce a lot of bad publicity that can significantly harm a law firm's reputation. Nearly all LPL policies are claims made.
MedPro Group traces its roots back to a predecessor company, the Physicians’ Guarantee Company. Alpheus P. Buchman, MD and Miles F. Porter, MD, both of Fort Wayne, Indiana, formed the Physicians' Guarantee Company in 1899 to provide pre-paid legal service for medical malpractice lawsuits. [1]
By the mid-1980s, the firm had established groups specializing in appeals, corporate law, health care law, insurance coverage, labour and employment law, legal malpractice, medical malpractice, products liability, and real estate. During this time, the firm began its expansion beyond the Midwest, opening an office in Miami, Florida. Between ...
For example, in Colorado, physicians are required to have malpractice insurance. In Oregon, lawyers must maintain malpractice insurance with the state Professional Liability Fund.
The firm maintains a civil law division representing plaintiffs who have suffered a personal injury due to the negligence or wrongful conduct of others. The firm handles products liability, medical malpractice, mass torts, pharmaceutical litigation, and premises liability. [2]
Due to the risk of liability, CPAs and accounting firms may carry professional liability insurance to provide some protection from legal claims and lawsuits, although some firms choose to self-insure. [4] Concerns about high damage awards and insurance costs have led to proposals to limit liability for public accounting firms. [5]
Bloomberg Law has recognized GRSM among the fastest organically growing law firms in the U.S. [9] Chambers USA has recognized the firm and the firm's partners in the areas of Banking & Finance, Insurance: Dispute Resolution: Insurer, Insurance: Insurer, Insurance, Product Liability & Mass Torts, and Transportation: Shipping/Maritime Litigation ...
Think New Mexico reported that in 2022 New Mexico had the largest medical malpractice insurance loss per state "Just being sued causes extreme stress and anxiety on a physician," Clark said.
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