Events
News Release: Most Lawyers Professional Liability Insurers Report Paying Multimillion Dollar Claims
WASHINGTON, DC, May 18, 2023 – Law firms throughout the U.S. continue to face escalating malpractice risks as economic conditions, attorney migration and emerging exposures trigger new lawsuits and social inflation drives up claim costs, according to a new study by insurance broker Ames & Gough. Read More
New ABA Guide For Law Firms Obtaining Insurance For Legal Malpractice
Eileen Garczynski, senior vice president and partner, Ames & Gough has written a new book for the American Bar Association (ABA) to assist law firms in obtaining insurance coverage for legal malpractice. Read More.
Study: Consolidated Health Systems Fail to Deliver Better Value Care for Patients
A recent study from researchers at Harvard University and the National Bureau of Economic Research (NBER) suggests that consolidated health systems cost patients more money, despite providing slightly better care than private practices. Read More
Partnering with For-profit Companies Successfully
Adequate funding is essential for a nonprofit organization, and partnering with a corporation, known as cause-related marketing, can be a lucrative option to guarantee revenue. However, risk in these relationships tends to fall disproportionately on the nonprofit partners, either because they are putting their most substantial asset at risk, such as their name, or because their hope for financial support can cloud their exercise of due diligence. These errors can result in a loss of public trust or in costly litigation. Read More
6 Cost-cutting Tips for Small Businesses
Employers of all sizes are currently searching for ways to reduce expenses and save money in response to the current economic downturn and ongoing labor challenges. Instead of cutting costs randomly or conducting unnecessary layoffs, successful organizations tend to optimize their resources by identifying areas where they can reduce expenses without compromising productivity or future growth. Read More.
News Release – Ames & Gough Names Allison Barefoot, Brian Lynch and Cady Sinks As Equity Partners
February 6, 2023 – Ames & Gough, a leading insurance broker and
risk management consultant specializing in serving design professionals, law firms,
associations/nonprofits and other professional service organizations, today announced the
appointments of Allison Barefoot, Brian Lynch and Cady Sinks as equity partners of the firm.
American Bar Association (ABA) Spring Malpractice Conference, April 19-21 in San Juan, Puerto Rico.
Eileen Garczynski, Esq., senior vice president and partner, Ames & Gough, will lead two key sessions at the American Bar Association (ABA) Spring Malpractice Conference, April 19-21 in San Juan, Puerto Rico.
The Impact of Catastrophe on Design
As the unfolding devastation caused by the earthquake in Turkey and Syria reminds us, catastrophic events can change the perspective of the world. Any time a natural disaster occurs, the design community should think about whether they should reconsider their design going forward. Read More.
Trends Driving Social Inflation and How to Respond
Contractors warrant their work in every contract. This is appropriate because they are doing work and have agreed to do it correctly or fix it if it is incorrect. Likewise, equipment is warranted. It works or doesn’t, and if it doesn’t, it should be made to work. When providing work or equipment, warranties and guarantees are appropriate. The expectation is that you will provide what you’ve promised to deliver. Read More
Why Warranties Are Not Covered by Professional Liability Policies
Contractors warrant their work in every contract. This is appropriate because they are doing work and have agreed to do it correctly or fix it if it is incorrect. Likewise, equipment is warranted. It works or doesn’t, and if it doesn’t, it should be made to work. When providing work or equipment, warranties and guarantees are appropriate. The expectation is that you will provide what you’ve promised to deliver. Read More
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