L Squared Insurance Agency Blog: legal liability
View the latest blog posts from L Squared Insurance Agency.
Wednesday, June 8, 2016All insurance carriers look at 2 things regardless of line of business when setting rates; frequency & severity. Lawyers Professional Liability Insurance carriers do not have the law of large numbers always in their favor when setting rates. READ MORE >>
Tuesday, June 7, 2016Sometimes disputes happen between attorneys in a law firm. Even to the point of filing malpractice claims against each other. Lawyers Professional Liability Insurance policies are not intended to cover these disputes. The typical exclusion for this is the type found in the current AXIS Insurance Company Attorney Malpractice Policy: READ MORE >>
Monday, June 6, 2016Unfortunately, we get asked this question way too often. Attorney either represented the abusive litigant in an action or filed against the litigant. Either way attorney gets dragged into the web of the malpractice claimant, who may have filed against every judge and state or federal official. READ MORE >>
Wednesday, June 1, 2016While sharing a case can be in the best interest of the client be cautious about making sure you document the relationship. Any time a law firm shares a case with another attorney or refers a case out to another firm, the original law firm continues to have exposure for this case. READ MORE >>
Thursday, May 19, 2016Attorneys are very intelligent creative people. Lawyers Professional Liability Insurance Extended Reporting Period Endorsements (ERP or Tail) are expensive. In trying to figure out ways to avoid buying a Lawyers Professional Liability Insurance Extended Reporting Period Endorsement and save money, Lawyers have come up with some very creative solutions. READ MORE >>
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