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L Squared Insurance Agency Blog

View the latest blog posts from L Squared Insurance Agency.

Question from Law Firm: My Attorney Malpractice Insurer just non-renewed my policy because of a claim,  now all I can get is ‘Surplus Lines’ or ‘Non-admitted’ insurers for a much higher premium.  How many years after a Legal Malpractice claim do I have to wait to get back with an ‘admitted’ Attorney Malpractice Insurer? READ MORE >>

Question from Attorney: Will you write an Attorney Malpractice Insurance Policy for me without prior acts coverage?  I currently have prior acts coverage and want to renew without any prior acts coverage to save money.  I do not want to purchase a Tail or Extended Reporting Period Endorsement from the incumbent insurer. READ MORE >>

When completing the attorney malpractice insurance application a frequent question is how to fill out the area of practice grid (AOP).  I suspect that it is frequently done incorrectly. For firms that are currently in operation for over a year: READ MORE >>

Question from Attorney: I am contemplating merging my practice into another firm and becoming "of counsel" to that firm.  I may have a legal matter or two that is not included in the merger, and I will be retaining the existence of my current LLC READ MORE >>

2018 Webinar for Accounting Professionals How to Mitigate and Manage Exposure to Conflicts of Interest READ MORE >>

Question from Law Firm: Law Firm’s Managing Partner states, “My Travelers Attorney Malpractice Insurance Agent tells me that it is going to cost 3 times expiring to buy an Extended Reporting Period Endorsement (ERP or Tail).  Our law firm is merging with another firm and is required to have an ERP. READ MORE >>

Attorneys do not question the need to back-up their computers or phones, but a few have a real problem with getting a backup attorney.   Not sure how a computer or phone’s data is more important than the attorney. READ MORE >>

Attorney Malpractice Insurance policies use no standard form.  Even though the policy wording is different, they generally cover the same risks and exposures.  But as the saying goes, ‘the devil is in the details’.  Case in point is the definition of “an insured”. READ MORE >>

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