L Squared Insurance Agency Blog Page 142
View the latest blog posts from L Squared Insurance Agency.
Wednesday, October 26, 2016Ransomware attacks against businesses will be four times higher in 2016 than last year, with a growing number of ransom-seeking hackers demanding bitcoin rather than money, according to a report by specialty insurer Beazley. The Beazley Breach Insights report (http://bit. READ MORE >>
Wednesday, October 26, 2016We have previously posted that a good Data Breach/Cyber Liability Insurance offers 1st party and 3rd party coverage. It needs to respond to the following exposures: 1st Party Claims 1. Incident Response Services 2. Ransom demands to unlock your system. READ MORE >>
Tuesday, October 25, 2016There is often confusion as to the purpose of an insurance policy versus the purpose of a bond. Many people think that there is little to no difference and become frustrated when trying to obtain a bond over an insurance policy or the reverse because of that basic misunderstanding. READ MORE >>
Monday, October 24, 2016We are occasionally asked what would constitute a “deliberate act” under an attorney malpractice policy that would be excluded from coverage. Gaining an advantage at any means will likely lead an attorney down this path. Here are some deliberate acts in the extreme. READ MORE >>
Friday, October 21, 2016The world has changed in the past few years. All of us think nothing about tweeting or posting about what we did, what we saw, what we ate or how we feel almost as soon as it happens. Sometimes if makes us feel good to air publicly arguments or disagreements when we perceive that we were treated unfairly. READ MORE >>
Thursday, October 20, 2016Most small-business owners (78 percent) still don’t have a cyberattack response plan, even though more than half (54 percent) were victim to at least one type of cyberattack. About 60 percent of those who did experience a cyberattack said it took longer than a month to recover. READ MORE >>
Thursday, October 20, 2016BY CHRISTINE SIMMONSPUBLISHED: OCT 11, 2016 From Law.com Legal Malpractice Claims Settling Faster, ABA Study Suggests Legal malpractice claims have been resolving sooner and seeing fewer resolutions where no money is paid out, according to results of an ABA study that suggest insurers and law firms are settling claims earlier as litigation costs go up. READ MORE >>
Thursday, October 20, 2016One of the most preventable attorney malpractice claims is a statute of limitations claim. The initial steps at client intake can help avoid or minimize your risk of being sued. The firm needs at intake determine if the firm is bumping up against a statutes of limitation issue. READ MORE >>
Tuesday, October 18, 2016All Lawyers Professional Liability Insurance policies sold in the USA are claims made policies. This continues to be an issue that comes up time and again with attorneys that falsely believe if they let their coverage lapse that past acts will be covered by the lapsed Attorney Malpractice Insurance Policy. READ MORE >>
Monday, October 17, 2016Although it comes up infrequently, occasionally you will receive a Subpoena. Even though it is a benefit in many policies this is a 2 edge sword. Responding to the subpoena without notifying your malpractice insurance carrier could down the road lead to a malpractice claim's denial. READ MORE >>
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