Ohio Bar Liability Insurance Company

Offering assistance to help clients pay for legal services can pose ethical and practical challenges for attorneys. OBLIC recommends considering alternatives to having a direct relationship with a lender. An evergreen retainer or recurring payment plan may be more beneficial for both attorneys and clients. Read more about the issues surrounding third-party financing here: https://ow.ly/tXY150T9Z8M We’re always open to discussing solutions that provide more individuals with access to counsel. If you have questions about client financing, call the Hotline, 1-800-227-4111.

Attorneys across the country are leveraging AI to create efficiencies and improvements. OBLIC’s recent article, “Green-lighting Use of AI,” offers a roadmap for using AI tools while adhering to the highest professional standards. Our tips emphasize transparency, communication and exercising caution. Click here to read more: https://ow.ly/PFoJ50T9Z3f

Wire fraud is a growing threat, and hackers are more sophisticated every day. The FBI Internet Crime Report reflects losses from business email compromise in 2023 over $2.9 billion. To protect your firm, OBLIC recommends designating certain employees to send transfers, to assume that changes to wire instructions are fraud, and to learn more about cyber breach insurance. For a complete list of best practices, click here: https://ow.ly/mLKo50T9YYB

September is National Preparedness Month! Life insurance is a crucial component of risk management, protecting people and businesses from financial loss due to the unexpected death of an earner. Despite its importance, many individuals remain underinsured or unaware of the different policies available. Attorneys play a vital role in guiding people to secure protections, and greater familiarity with insurance products is essential for enhancing financial security. Read the article here: https://ow.ly/66A050Tfsbq Contact OBLIC’s partner agency, OSBA Insurance Agency for more information: https://ow.ly/Kx4a50Tfsbr

Today is International Day of Charity, a perfect opportunity to reflect on the power of giving back. OBLIC is dedicated to supporting our communities through various charitable efforts, Join us in making a difference by supporting local charities, helping to raise awareness for causes that matter to you, and engaging with us to watch for upcoming opportunities to get involved. Together, we can work towards building a more compassionate world.

Two classrooms in central Ohio have new school supplies this Fall thanks to OBLIC’s Back-to-School Drive. Many thanks to all who contributed, and to the Charity Committee for leading this quarter’s event. OBLIC is committed to making a positive impact not only for our policyholders but for the broader community. Learn more about OBLIC here: https://www.oblic.com.

Use the waning days of summer to look ahead and PLAN! Analyze upcoming case requirements and court dates. Look at scheduling as holidays approach. Coordinate schedules to cover professional commitments. Examine whether you are maximizing the efficiency your technology provides. For more best practices for planning ahead, visit https://lnkd.in/e7EkR8aV.

On June 10, the Financial Crimes Enforcement Network updated their Beneficial Ownership Information FAQs for CTA reporting requirements. Updates include: how is an Indian Tribe defined, are homeowners’ associations reporting companies, and are telecommunications services included in the public utility exemptions to the reporting requirements. For a complete list, see the FinCEN BOI (Beneficial Ownership Information) website – https://www.fincen.gov/boi.

Next in our continuing series of recently closed claims is a case where a pro se claimant alleged that the Insured failed to act in the best interest of the children while acting as the guardian ad litem. In cases of child welfare, diligent, compassionate representation is critical, but tricky situations can arise. If you have questions, call the Hotline, 800-227-4111. Our loss prevention attorneys are here to help!

Missed deadlines are often the culprit in claims against attorneys. In a recently closed claim, an insured allegedly failed to timely file an appeal to the Office of Administrative Law Judges following a voluntary dismissal with OSHA. To avoid situations like this, check, double check deadlines, and make sure your actions are documented. For more loss prevention tips, visit https://www.oblic.com/.