L Squared Insurance Agency Blog: attorney malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
Tuesday, April 18, 2023 Bad things can happen to a law firm that are not malpractice. If not addressed promptly could possibly end or damage the reputation of a firm or one of its attorneys. CNA’s Crisis Coverage may help to address these issues. Even though the CNA malpractice coverage is duty to defend, the Crisis Event coverage is reimbursement. READ MORE >>
Monday, April 17, 2023 Bad things can happen to a law firm that are not malpractice. If not addressed promptly could possibly end or damage the reputation of a firm or one of its attorneys. American Alternative Crisis Event Coverage may help to address these issues. READ MORE >>
Friday, April 14, 2023 Bad things can happen to a law firm that are not malpractice. If not addressed promptly could possibly end or damage the reputation of a firm or one of its attorneys. ISME Crisis Event Coverage may help to address these issues. The actual coverage provided is in the Extensions of Coverage policy section. READ MORE >>
Monday, April 10, 2023 Bad things can happen to a law firm that are not malpractice. If not addressed promptly could possibly end or damage the reputation of a firm or one of its attorneys. QBE’s Crisis Event Coverage may help to address these issues. The actual coverage provided is in the Extensions of Coverage policy section. READ MORE >>
Thursday, April 6, 2023 More than a few attorneys forget to take advantage of Disciplinary Coverage until it is too late. Attorney Malpractice Insurance policies that offer this coverage can be ‘Duty to Defend’ or ‘Reimbursement’. READ MORE >>
Tuesday, April 4, 2023 Extended Reporting Period Endorsements (ERP or Tail) are truly a limited time offer. Claims-made insurance policies that give the insured the right to purchase an ERP have very specific deadlines and requirements. Only very limited circumstances permit the insurer to not honor the right to purchase an ERP. READ MORE >>
Wednesday, March 29, 2023 Berkshire Hathaway’s AmGuard Lawyers Professional Liability Insurance policy provides data breach coverage as an additional coverage. Few other malpractice insurers provide this as part of their base policy. Other malpractice insurers specifically exclude this coverage. READ MORE >>
Tuesday, March 28, 2023 THIS SCAM CONTINUES Law firm doing collection work for a new client was able to collect over $100,000 for this client. Firm waited until they thought the check had cleared. Turned out it had not. By the time firm found out check was fraudulent, they had sent a wire transfer to the new client. READ MORE >>
Monday, March 27, 2023 Attorney malpractice Insurance policy normally contain closely held ownership exclusions. If this is the insured’s 1st policy or the insured is changing malpractice insurers finding and reading this exclusion may save the insured a denied claim. Law firms members may own another entity, or their spouse may own another entity. READ MORE >>
Monday, March 27, 2023 Greenwich Insurance Attorney Malpractice policy can provide cyber insurance coverage for an additional cost. If the insured chooses not to pay the for the cyber suite endorsement the endorsement the attorney malpractice policy has an absolute cyber exclusion endorsement attached. READ MORE >>
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