L Squared Insurance Agency Blog: insurance
View the latest blog posts from L Squared Insurance Agency.
Wednesday, March 27, 2024 A Cyber-Criminal need not break into a law firm’s email system to make the law firm the next data-breach victim. Any time funds change hands electronically there are multiple parties to the transaction. Cyber security is only as strong as the weakest link. READ MORE >>
Monday, March 25, 2024 A claims-made insurance error policy may have a Firm Prior Acts Date, an Individual Prior Acts Date, a Career Coverage Prior Acts Date and/or Predecessor Firm Prior Acts Date or a combination for the former. Different prior acts endorsements address specific coverage needs: 1. READ MORE >>
Thursday, March 21, 2024 Attorney malpractice insurance uses a claims-made policy form. This is an important concept when considering reducing coverage limits. Unlike an occurrence policy form where the policy form used to settle a claim is when the act occurred. READ MORE >>
Wednesday, March 20, 2024 Question from Attorney: I am still looking at alternatives for renewing my Lawyers Liability coverage and cannot get firm terms until I get Insurance Carrier Loss runs from my incumbent insurer. If I am a “few” days late renewing coverage is that going to be a problem? READ MORE >>
Thursday, March 14, 2024 Policy forms and premium are important when selecting a Professional Liability Insurance policy. But Attorneys or Accountants should be concerned about selecting a strong malpractice insurance carrier. Insurance carrier AM Best Ratings only tell part of the story. The structure and backing of insurance carriers are not always equal. READ MORE >>
Wednesday, February 7, 2024 We live in very litigious times. Individuals and businesses alike are exposed to the advertisements of law firms, as well as news stories about ongoing lawsuits. This constant exposure has the effect of making litigation seem to be a normal practice. READ MORE >>
Thursday, January 18, 2024 A Business Owners Policy (BOP) is essential insurance coverage for any small business. Whether a firm rents, owns a building or works out of their house; a firm needs a BOP. Professional liability insurance only covers errors and omissions. A malpractice claim can be devastating to an uninsured firm, but claims arise from the business side. READ MORE >>
Thursday, January 18, 2024An accountant’s job is to manage other people’s money. They must keep very accurate records. They have to provide detailed reports. Nevertheless, they are running a business. As a result, they must have adequate business insurance. This insurance helps avoid financial loss from unavoidable accidents. READ MORE >>
Thursday, December 28, 2023Many homeowners may turn to space heaters to provide additional warmth and comfort as the temperature drops. While these compact devices can be a convenient solution, it's crucial to prioritize safety and be aware of potential risks. How to Use a Space Heater Safely READ MORE >>
Tuesday, December 12, 2023 The reality of attorney malpractice insurance policies is paying the deductible when a claim is made against the law firm. For an additional premium Insurers may offer for 1st dollar defense which addresses claims expenses for claims with no indemnity payment made or an aggregate deductible for multiple claims brought in any one policy year. READ MORE >>
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