L Squared Insurance Agency Blog Page 109
View the latest blog posts from L Squared Insurance Agency.
Friday, February 16, 2018A recent ABA article Entitled "Trump attorney's statement that he paid Stormy Daniels $130K raises ethics questions" by Stephanie Francis Ward raises the question, does a payment made by a lawyer using his own funds violate the rules of professional conduct? Not sure we know enough of the story to judge. READ MORE >>
Thursday, February 15, 2018Attorneys dread doing their annual Law Firm Attorney Malpractice Applications. It is non billable administrative time that takes away from the practice of law. Depending on the firm this task may be handled by the Managing Partner; the beginning associate; or newest clerk in the office. READ MORE >>
Thursday, February 15, 2018We recently posted a blog concerning often overlooked coverage exclusions entitled, "Beware of the (s)". This analysis of a court case posted on February 21, 2017 by Andrew P Carroll, Emilio F Grillo and Seth L Laver highlights this issue. The originally blog can be found on Professional Liability Matters READ MORE >>
Wednesday, February 14, 2018Attorney Malpractice, Accountant Professional Liability and Title Agency Errors and Omissions Insurance are written on a claims-made policy form on behalf of the named insured firm. Coverage extends from the firm to the employees, contractors, and partners/members of the firm. READ MORE >>
Wednesday, February 14, 2018 The Hammer Clause in a Malpractice Insurance Policy Question: An agent told me that my Attorney Malpractice Insurance policy has a ‘Hammer Clause’. I looked in my policy and could not find it. What is a ‘Hammer Clause’? Response: READ MORE >>
Tuesday, February 13, 2018 READ MORE >>
Tuesday, February 13, 2018The ‘Directors & Officers’ and ‘Closely Held Entity’ Exclusions are two frequently overlooked policies exclusions for Attorney Malpractice. Every attorney malpractice insurance policy has some restrictions/exclusions for this issue. READ MORE >>
Monday, February 12, 2018 Hiring a suspended attorney by a law firm might not impact the law firm’s attorney malpractice insurance. Hiring a recently reinstated suspended attorney to practice law will impact your attorney malpractice insurance. So what is the distinction? READ MORE >>
Friday, February 9, 2018This issue recently came up with a client who did not want a ‘burning’ the limits attorney malpractice policy. The client went no further than the insurance proposal coversheet to come to a conclusion. In this case the client assumed (wrongly) that Claims Expenses Outside the Limits meant that there was no separate coverage for defense costs. READ MORE >>
Thursday, February 8, 2018It is amazing the problems an accounting firm or law firm can create for themselves by failing to notify their Malpractice agent/insurer of changes to the firm. Malpractice Insurance Policies Require Timely Notification of Firm Changes. READ MORE >>
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