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.

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