Insurance

General Commercial Liability

  • General Commercial Liability (GCL) insurance

    General Commercial Liability insurance (GCL) is cheap for lawyers, and will be required by many or most leases or subleases, anyway. I think a million dollars or more of coverage can be purchased for something like $500 per year. If you are ever going to have clients or anyone else come to your office, it’s a …more

Malpractice Insurance

  • Malpractice Insurance: The Strong Start Program insurance-2

    I originally looked into getting LPL with Marsh. Ultimately, I found a great plan with theLawyers’ Mutual Insurance Company (LMIC) called the Strong Start Program. For a $300,000 annual aggregate/$100,000 per claim plan, LMIC offers a first-year rate of $500 per year for attorneys licensed for three years or less who meet specific criteria. The minimum …more

  • LPL for Solos/ Small Firm Practitioners from AHERN insurance-1

    Ahern Insurance (a partner of BASF) offers LPL to solos/smalls for reasonable rates, but it’s still thousands per year. LPL insurance is more or less important depending upon whether you have assets that you want to protect.  LPL protects you, and it can also be seen as a way that you are protecting your clients …more

  • Insurance Discounts through BASF accounting

    The Bar Association of San Francisco has relationships with certain brokers to provide insurance to its members, often at a discount.  Learn more here. Keep in mind that if you do not have professional liability insurance, you must inform your clients of that fact for any matter in which it is reasonably foreseeable that you will …more

Health Insurance

  • Choosing Health Insurance health

    Kaiser Permanente offers a wide range of individual health plans, depending upon your needs. I am a relatively low consumer of health services, so I chose a high-deductible, high-copay plan that has relatively low premiums. I pay around $250/month, which includes dental. I also chose the Health Savings Account option, so I can save and …more

  • The Affordable Care Act health-1

    Firms with fewer than 50 full-time (or full-time equivalent) employees are exempt from the Affordable Care Act’s employer mandate – meaning they are not subject to penalties under the ACA for not offering employees health insurance.  Nonetheless, small firms should become familiar with other key provisions of the ACA, such as the Small Business Tax …more

  • Health Insurance Tips from BASF insurance

    As a sole practitioner or small law firm, there are a number of important areas to consider while evaluating the most appropriate health insurance options for you, your employees and their families. Below are five important items to consider as you begin to evaluate your options: Begin shopping for insurance at least 30-60 days prior to needing …more

Workers’ Compensation

  • Workers’ Compensation Insurance Tips from BASF hiring

    California employers are required by law to have workers’ compensation insurance, even if you have only one employee. This is true even if that employee is a family member! If your employees get hurt or sick because of work, you are required to pay for workers’ compensation benefits. The benefits include: Medical care Temporary disability benefits …more