Risk Management for Fiduciaries

Welcome to the Professional Fiduciaries risk management resources page. Please feel free to browse through the resources listed below. Because these materials are updated and added to from time to time, we encourage regular, periodic visits to this page.

Articles

• Who Ya Gonna Call? (Introducing Lloyd's Professional Fiduciary Hotline)
• Top Ten Techniques for Effective Risk Management
  • Written Scope of Services
  • Clear Professional Capacities
  • Continuous Conflict Checks
  • Updated Office Procedures
  • Task Calendaring and Check Off
  • Redundant Calendar/File System
  • Documented Communications
  • Fully Vetted Professional
  • Professional Liability Insurance
  • Early Claim/Incident Reporting
• Avoiding Disputes - Smart Matter Intake/Management
  • Client Intake & Matter Screening
  • Engagement Letters
  • During the Course of Representation
  • Proper Withdrawal/Disengagement
• Insurance Coverage Basics - How Does It Work?
  • Insurance Coverage
  • What is a "Claim"? What is a "Circumstance"?
  • "Claims-Made Coverage"
  • Retroactive Date
  • Prior Acts
  • The Insurance Application
• Proper & Timely Notice and What to Expect/How to Proceed if a Claim Occurs
  • What to Expect
  • The Importance of Proper & Timely Notice
  • Prior Knowledge & Coverage Investigations
  • Extended Reporting Periods/Retirement

Checklists & Worksheets

• Client Intake/Matter Screening
• Estate Inventory Checklist
• Stakeholder Worksheet
• Engagement Letter
• Decision Matrix

Forms

• Sample Engagement Letter
• Sample Disengagement Letter