L Squared Insurance Agency Blog: malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
Monday, January 23, 2023 You will not find the Hammer Clause anywhere in your policy. The Hammer Clause is slang for forcing a settlement in the Defense, Indemnification, and Cooperation section of your policy. As with other professional errors and omissions policies, the attorney malpractice insurance policies commonly gives the insured the right to tell the insurer whether to settle the claim or not. READ MORE >>
Thursday, January 19, 2023 What does an ‘Automatic Extended Reporting Period’ (ERP) actually do? For special cases this provision works well but, it normally does not provide any coverage. Firms that think that this provision provides continued coverage for 60 days past the policy expiration date are in for a rude surprise. READ MORE >>
Friday, December 23, 2022 Attorney malpractice insurance, also known as professional liability insurance, is a type of insurance that protects attorneys from claims of professional negligence or wrongdoing. It covers legal expenses and damages that result from a malpractice lawsuit. READ MORE >>
Thursday, December 22, 2022 Legal Malpractice Insurance premiums start at about the cost of a weekly trip to for coffee at your favorite café. So, is the cost of a weekly cup of coffee worth it? Attorneys going bare are in the mistaken belief that their close relationship with clients makes them immune to claims. READ MORE >>
Friday, December 16, 2022
It's important to have the proper coverages to make sure your firm is properly insured. But also, it's important to know if you have insurance for your entity or persons that are associated with the firm.
For most, this is a simple question but over the years we have seen some highly creative ... READ MORE >>
Thursday, December 15, 2022 Attorney malpractice policies do not have standard policy forms. It is important for the insured attorney to understand policy coverage or lack of policy coverage. No two policies are exactly alike although similar they are not the same. Good case in point is actually understanding the definitions of the policy. READ MORE >>
Tuesday, December 13, 2022 Attorney malpractice insurance provokes a love/hate relationship with attorneys. Attorneys should know what attorney malpractice insurance coverage they have, when it covers them and when it does not. While getting it as cheaply as possible it is even more important to get the proper coverage. READ MORE >>
Thursday, December 1, 2022 Suspended and/or disbarred attorneys look for malpractice coverage because of cancelled or non-renewed policies. So, it begs the question can a suspended attorney obtain an attorney malpractice insurance policy? Expect a suspension exclusion from insurers. READ MORE >>
Tuesday, November 29, 2022 Attorney malpractice insurance policies cover lawyer professional services. Attorney malpractice insurance policies exclude coverage for attorney provided services requiring a separate license. The ProAssurance policy has an exclusion for these services: READ MORE >>
Tuesday, November 22, 2022 Attorney malpractice insurance policies are meant to insure the attorney’s practice of law. Insurers do not consider giving clients investment advice practicing law. Not all insurers have this exclusion. But if the attorney is giving investment advice there should be a careful reading of the policy. READ MORE >>
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