Today’s real estate environment is digital-first, and ransomware has emerged as a critical risk that real estate agents and brokerages can’t ignore. In fact, 60% of real estate firms experienced cybersecurity incidents in 2023, and the average recovery costs exceeded
Real estate professionals are relying on digital tools more and more to help manage transactions, communicate with clients, store sensitive information, and more. However, this further entry into the digital world can leave gaps exposing you to cybersecurity threats, including
As the accounting profession continues to evolve amidst a growing talent shortage, offshoring has emerged as both a practical solution and a point of contention.1 In broad terms, “offshoring accounting is the practice of firm owners or accounting departments hiring
In recent history, the real estate industry has become a prime target for cybercriminals, and third-party wire transfer fraud is a significant threat that real estate professionals should always watch out for. According to the National Association of REALTORS®, it
Real estate transactions are complex and involve significant amounts of money. Risk management can help proactively protect against claims, but even the most diligent real estate professionals can have claims filed against them due to perceived errors or omissions. In
From fluctuating market conditions to demanding clients, real estate professionals face various types of challenges every day. But among these challenges, the risk of a claim is one of the most concerning. Claims can arise from a multitude of things—misunderstandings,
No two legal malpractice policies are the same, so it’s crucial to understand the specific policy exclusions to ensure you have the right protection for your firm. The legal doctrine, “Caveat emptor, quia ignorare non debuit quod jus alienum emit,”
One critical factor to consider when purchasing legal malpractice insurance is the insurance company’s financial strength. Since legal malpractice insurance (sometimes referred to as “long tail insurance”) often has claims that can take several years to resolve, it’s essential to
An essential aspect of legal malpractice insurance is the duty to defend and the selection of counsel in the event of a claim. Depending on the size of the law firm and the type of policy in place, the insurer