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L Squared Insurance Agency Blog

View the latest blog posts from L Squared Insurance Agency.

The Alaskan case of ALPS v Ingaldson Fitzgerald PC is an example of the courts refusing to force an insurer to cover attorney’s fees. Awarded attorney’s fees normally are not covered under an attorney malpractice insurance policy. READ MORE >>

Insurance policies can lapse because of administrative issues or lack of funds.  Letting coverage lapse is never a good thing.  Whether it is Business Auto, Business Owners Coverage, Professional Liability Insurance or Workers Compensation letting your insurance coverage lapse can be costly. READ MORE >>


Fraudulent wire transfers can be a significant exposure to Law Firms and Title Agencies.  Even with proper controls in place a firm could be faced with a 6 or 7 figure loss.  Now just by hitting a button you can send millions of dollars out of your Trust Account. READ MORE >>

Suing a client for unpaid legal fees is usually a bad idea.  Yes an attorney can wait till after the statute has run, and yes this may prevent a counter claim or at least provide a defense.  But it will not prevent a bar complaint from being filed and if done frequently it impacts your attorney malpractice premiums. READ MORE >>

Many firms and some insurance agents forget to add this coverage.  But even if the only thing a firm employee does is take money to the bank using their car, you need this endorsement.  If you or your employees use vehicles for any business purpose, you should make sure that this endorsement is added to your business owners policy or your commercial auto policy. READ MORE >>

An attorney’s private life involves the daily stuff that everyone deals with.  This includes buying and selling houses and cars; running other businesses; getting into disputes; car accidents; and having loved ones in the hospital.  Attorneys sometimes try to help their cause by at times by reminding the other party that they are an attorney. READ MORE >>

Today’s virtual society has changed how attorneys operate.  The law firm’s files can be somewhere in the clouds.  This allows easy access just about anywhere and eliminates law libraries, file cabinets and large amounts of physical storage. READ MORE >>

Who does not love a lively verbal debate?  Whether it’s about your favorite football team or a politician when done in a friendly manner, it can bring us together.  Problems start when it is put in writing.  Some of the best advice that my Dad ever gave me is not to send anything to anybody when you are upset. READ MORE >>


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