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About the Product
Chapter 17 Insuring Your Investment and Managing Your Risk Solo practitioners are also small business owners, and as such, they take risks every day. Failure to recognize and plan for with these risks can lead to painful results, such as loss of clients, money, reputation, or even the right to practice law. Risk management is the process of identifying and analyzing your risk exposures, and then adopting sound policies and procedures to minimize the possibility that an activity will result in negative consequences.
This chapter examines the financial, ethical, and business risks solo law firms face, and what risk management procedures you can implement to prevent them. The material also includes a primer on malpractice insurance--what it is, what it costs, and where to get it. Reduce your risk of catastrophic loss with the essential information contained in this chapter.
Buy the Book! This chapter is one of fifty-seven power-packed chapters found in the book, Flying Solo: A Survival Guide for the Solo and Small Firm Lawyer, Fourth Edition. For more information on purchasing the book, visit:
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