Ch 13: Legal Industry Ethics, Liabilities & Insurance

About This Chapter

We've made it easy to catch up in class or study for a test by providing this engaging chapter on the liabilities, insurance and ethics of the legal industry. Here you'll find short, user-friendly lessons and multiple-choice quizzes to test your understanding as you move through the chapter.

Legal Industry Ethics, Liabilities & Insurance - Chapter Summary

Our professional instructors make legal industry insurance, ethics and liabilities easy to understand in this chapter. Bite-sized lessons outline business insurance, records management and professional liability issues for your self-paced review. This chapter is designed to assist you in meeting the following objectives:

  • Outline professional and ethical conduct for attorneys in business
  • Discuss the different types of professional liability issues for lawyers
  • Identify the legal industry's records management and retention requirements
  • Detail the importance of insurance for businesses
  • Explain business disability insurance
  • Explore the uses for double insurance and re-insurance in business

If you need help at any time as you're working through this chapter, submit your questions to one of our expert instructors through the Dashboard. We've included lesson quizzes and a chapter test here as a handy way to assess your comprehension level. These lessons and quizzes are designed for your flexibility and convenience by being accessible to you 24 hours a day.

5 Lessons in Chapter 13: Legal Industry Ethics, Liabilities & Insurance
Test your knowledge with a 30-question chapter practice test
Attorney Professional and Ethical Conduct in Business

1. Attorney Professional and Ethical Conduct in Business

Lawyers play an important part in business, but they must follow model rules regarding ethics. This lesson addresses legal ethics in business law, including malpractice, attorney-client privilege and conflicts of interest.

Professional Liability Issues for Lawyers: Types & Insurance

2. Professional Liability Issues for Lawyers: Types & Insurance

Professional liability insurance is essential to protect lawyers from claims of malpractice and negligence. In this lesson, we will examine the types of claims made and how insurance covers those claims.

Insurance for Businesses: Uses & Importance

3. Insurance for Businesses: Uses & Importance

The lesson will discuss why insurance for businesses should be considered a necessity. We'll also talk about various types of business insurances, such as property insurance, liability insurance, and worker's compensation.

Business Disability Insurance

4. Business Disability Insurance

Insurance is a great way to help a company out in the case of an unexpected event. In this lesson, we will learn about some of the different types of insurances policies a company can take advantage of if there is a sickness or injury.

Re-insurance & Double Insurance in Business: Definition & Uses

5. Re-insurance & Double Insurance in Business: Definition & Uses

Disasters can result in huge payouts for insurance companies. This lesson looks at how reinsurance is used to reduce these huge payouts, as well as what happens when a person or company has double insurance.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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