Friday, March 17, 2023 As a nationwide independent agency L Squared Insurance LLC offers attorney malpractice programs from over 50 insurers. In one of those programs L Squared Insurance Agency LLC has partnered with Aon Attorneys Advantage. L Squared Insurance Agency has been and will continue to be an agency for insuring small law firms (1-4 attorneys). READ MORE >>
Thursday, March 16, 2023 Certain insurers offer deductible reductions when resolving a claim in arbitration or medication. Given the appropriate circumstances it can be a significant savings for the insured at claims time. For example, the current Wesco policy has a provision for reducing the deductible for mediation or arbitration by up to 50%: READ MORE >>
Tuesday, March 14, 2023 The never ending deadlines and client demands, along with the overall pressure associated with the profession, can unfortunately lead to addiction and substance abuse for many lawyers. Thankfully, there are many resources for those that may be struggling. READ MORE >>
Tuesday, March 14, 2023 Buried in the policy language for certain insurers are additional coverages that not all admitted attorney malpractice insurers provide. The AIG policy is one of those policies. Found in the Special Benefit Policy Section are additional coverages for Claims Expenses: 1. Claim Expenses. READ MORE >>
Monday, March 13, 2023 When considering needed liability limits often overlooked are claims expenses. This could leave an insured dramatically underinsured. Given the right set of circumstances, claims expenses can easily exceed $100,000. So, what are claims expenses? The current AIG policy defines claims expenses as: READ MORE >>
Friday, March 10, 2023 The majority of people think all insurance works like your homeowners, auto, business owners and workers compensation insurance policies which are written on an occurrence policy form. With these occurrence policies the insurer on the risk at the time the covered act occurred is responsible paying the claim. READ MORE >>
Thursday, March 9, 2023 Knowing what is and is not a coverage illusion in a legal malpractice policy helps determine your other insurance needs. Protecting the ‘business side of the law,’ the firm needs business owners, workers compensation, and cyber insurance. But these commercial insurance policies exclude the ‘practice side of the law’. READ MORE >>
Tuesday, March 7, 2023 Preparing Your Client Before Their Deposition Tips Off This March, between filling out your tournament bracket and watching the first round upsets, consider these Elite Eight tips as you prepare your clients for their depositions. After all, the best offense is a good defense. READ MORE >>
Tuesday, March 7, 2023 There is no standardization for Attorney Malpractice Insuring Agreements. The insuring agreement might also be called “Defense and Settlement” or a similar name. This plus the “Additional Coverages” sections gives the policy intent. Key terms in the insuring agreement: READ MORE >>
Monday, March 6, 2023 As with many of you, often receiving emails telling me that my membership is being renewed. Ever had a Geek Squad Membership? I never did. Not sure why the Geek Squad needs to use a Gmail Account to send out notices (<yusufmukhtargrk@gmail.com> ) READ MORE >>
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