L Squared Insurance Agency Blog: lawyers professional liability insurance
View the latest blog posts from L Squared Insurance Agency.
Friday, February 16, 2018A recent ABA article Entitled "Trump attorney's statement that he paid Stormy Daniels $130K raises ethics questions" by Stephanie Francis Ward raises the question, does a payment made by a lawyer using his own funds violate the rules of professional conduct? Not sure we know enough of the story to judge. READ MORE >>
Thursday, February 15, 2018Attorneys dread doing their annual Law Firm Attorney Malpractice Applications. It is non billable administrative time that takes away from the practice of law. Depending on the firm this task may be handled by the Managing Partner; the beginning associate; or newest clerk in the office. READ MORE >>
Thursday, February 15, 2018We recently posted a blog concerning often overlooked coverage exclusions entitled, "Beware of the (s)". This analysis of a court case posted on February 21, 2017 by Andrew P Carroll, Emilio F Grillo and Seth L Laver highlights this issue. The originally blog can be found on Professional Liability Matters READ MORE >>
Tuesday, February 13, 2018The ‘Directors & Officers’ and ‘Closely Held Entity’ Exclusions are two frequently overlooked policies exclusions for Attorney Malpractice. Every attorney malpractice insurance policy has some restrictions/exclusions for this issue. READ MORE >>
Monday, February 12, 2018 Hiring a suspended attorney by a law firm might not impact the law firm’s attorney malpractice insurance. Hiring a recently reinstated suspended attorney to practice law will impact your attorney malpractice insurance. So what is the distinction? READ MORE >>
Friday, February 9, 2018This issue recently came up with a client who did not want a ‘burning’ the limits attorney malpractice policy. The client went no further than the insurance proposal coversheet to come to a conclusion. In this case the client assumed (wrongly) that Claims Expenses Outside the Limits meant that there was no separate coverage for defense costs. READ MORE >>
Friday, February 2, 2018 Question from attorney: Does your insurance agency provide malpractice insurance for mediators? I have a litigation practice but am hoping to expand into mediation as a significant area of my practice. Response: Mediation is normally defined as a professional service a lawyer would perform under most attorney malpractice policies. READ MORE >>
Thursday, February 1, 2018Many law firms misunderstand as what is and is not covered when a firm has an ‘Of Counsel’ attorney working for them. Attorneys continue to construct ‘creative’ relationships for attorney malpractice coverage under this mistaken belief. READ MORE >>
Friday, January 26, 2018A common misconception is that Attorney Malpractice Insurance coverage for a departing attorney continues until the end of the policy term because it is ‘paid for’. Once an attorney leaves a law firm their work after they leave the firm is not covered. READ MORE >>
Friday, January 26, 2018When one attorney in a law firm wants increased attorney malpractice limits but the other firm members do not want to pay the extra cost, what can the one attorney do? It seems logical to allow one attorney to increase their policy limits. READ MORE >>
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