L Squared Insurance Agency Blog: ror
View the latest blog posts from L Squared Insurance Agency.
Tuesday, March 19, 2024 As an attorney, you might feel like you are putting out fires every day, all day. But what about when you find yourself caught in the blaze? If you made a mistake that may warrant a malpractice claim or grievance – stop, drop, and roll. READ MORE >>
Tuesday, December 13, 2022 Accountant errors and omissions insurance provokes a love/hate relationship with Accountants. Accountants should know what Accountant errors and omissions 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 >>
Monday, December 5, 2022 Engagement Letters are critical to defending a claim against an accounting firm. Many times a well-written engagement letter stops a claim in its tracks. Plaintiff attorneys may not take action against an accounting firm because the clauses in the engagement letter are strong. READ MORE >>
Friday, May 14, 2021Your malpractice insurer sent a Reservation of Rights Letter (ROR) after claim is reported. Don’t panic this does not mean your insurer is going to deny your claim. An ROR is a standard procedure for malpractice insurance claims departments. READ MORE >>
Friday, April 23, 2021 A Brand New Service For Alta Pro RPG Member Tuesday, May 4th 12 pm CST Lunch and Learn Join us for the inaugural episode of our new live interactive series. the Alta Pro Risk Pro, Jay Reeves, is in his office to answer your questions live. READ MORE >>
Thursday, May 2, 2019When an accounting firm receives a subpoena for information, it is important that the firm follows the law. It needs to make sure that it responds appropriately to the subpoena and protects itself as well as their client’s rights. READ MORE >>
Thursday, April 4, 2019 Accountants that choose to go without errors & omissions insurance believe that because they work for a small firm and maintain close relationships with their regular clients, that they are immune to claims. Other accountants believe that the chances of them facing a claim aren’t great enough for them to purchase an Accountants Errors & Omissions insurance policy. READ MORE >>
Thursday, March 21, 2019Kind of like feeling that your are about to crash into a mountain, realizing that you have made a mistake can be scary but hiding the mistake will only make it worse. It’s wise to contact your malpractice insurer as soon as you realize a mistake has been made. Protect your policy rights with timely claim reporting. READ MORE >>
Wednesday, March 20, 2019 Accountants that have not had a claims-made policy often do not understand the importance of maintaining prior acts. Many think it is just a ploy for the insurer to collect more money. The reality is that claims-made insurance policies are almost worthless without the proper maintenance of prior acts coverage. READ MORE >>
Wednesday, January 23, 2019Brief background
Most property & casualty insurance policies are occurrence policies. Your personal auto, homeowners and business owners policies are good examples of an occurrence policy. With an occurrence policy, the policy that is on the risk at the time that a covered act &l... READ MORE >>
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