L Squared Insurance Agency Blog: 1st dollar
View the latest blog posts from L Squared Insurance Agency.
Tuesday, May 11, 2021Why you do not need both. 1st dollar defense (FDD) is also called a loss only deducible. Whichever name is used they mean the same thing. With FDD the insured is only responsible for the deductible if there is an indemnity payment required on the claim. READ MORE >>
Friday, July 6, 2018Many attorneys are surprised to find that attorney malpractice insurance policies have a deductible. The deductible may be mandated by the underwriter to address small frequent claims or chosen by the insured to reduce premiums or claim costs. READ MORE >>
Tuesday, June 5, 2018Who wouldn’t want a legal malpractice insurance policy that wiped out the deductible? To make doubly sure that you never have to pay a deductible, why not have an policy that has a zero dollar deductible and 1st dollar defense. This is why you cannot have both. READ MORE >>
Tuesday, October 10, 2017In the case of Maroulis v Friedman, Maroulis retained Attorney Friedman in a divorce proceeding in June of 2010. In November 2011 Maroulis dismissed attorney Friedman and hired another law firm. In July 2012, Maroulis settled the divorce action. In October 2014, Maroulis sued Friedman for malpractice and emotional distress. READ MORE >>
Tuesday, May 31, 2016There are many different deductible options; some are packaged into the policies some are provided as an additional charge. 1. Zero Dollar Deductible—this is listed 1st, as with a zero dollar deductible the options list after this do not apply. READ MORE >>
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