L Squared Insurance Agency Blog Page 143
View the latest blog posts from L Squared Insurance Agency.
Friday, October 14, 2016 Malpractice Insurance—Coverage for Sanctions There is no coverage for sanctions or fines under a Professional Liability Insurance policy. In most cases sanctions or fines would not be insurable anyway. READ MORE >>
Thursday, October 13, 2016The time to check your malpractice coverage is not after the punitive damage award against you. But occasionally we are asked if a particular malpractice insurance policy covers punitive damages. Because a punitive damage awards are normally awarded for egregious acts few malpractice policies do but many do not. READ MORE >>
Wednesday, October 12, 2016Many law firms do not answer these questions correctly on the Lawyers Professional Liability Insurance application. Some law firms might perceive this to be no big deal. When not answered correctly, it could lead to claims being denied (an extreme case), but likely additional underwriting questions and/or a premium that may be much higher or lower than it should be. READ MORE >>
Tuesday, October 11, 2016Malpractice Insurance – Contractual Liability the contract that is not binding Occasionally we get a client that attempts to tie the insurance company to a contract that the client has signed, in hopes that the insurance carrier will be bound to the contract. Or there is a misunderstanding of the Contractual Liability Exclusion. READ MORE >>
Monday, October 10, 2016In 2003, the soldiers and Sailors Civil Relief Act was re-written and the name changed to Servicemembers Civil Relief Act. Basically the act applies to any service members including reservists and National Guard members that are called to active duty. READ MORE >>
Monday, October 10, 2016 By Lockton Professional CPA firms have access to numerous types of client records, and requests for those records can come from multiple sources. What should a CPA firm do when a request for access to such records comes in the form of a subpoena? READ MORE >>
Monday, October 10, 2016Guess since I did not pay the $195.00 I am going to lose out on the $2.5 Mil. Oh well. OCT 05 "Atm Card Deliver Notification" has been cancelled READ MORE >>
Friday, October 7, 2016Normally attorney’s fees are not covered by a Lawyers Professional Liability Insurance Policy. The reasoning for this is that the awarding of attorney’s fees by the court is meant to punish the attorney. It is also meant to discourage attorneys from engaging in similar conduct in the future. READ MORE >>
Thursday, October 6, 2016 READ MORE >>
Thursday, October 6, 2016 Very unlikely that a Gmail account would be from the Warren Buffett Foundation. If you have received this e-mail and have an issue, best place to contact is the FBI Cyber Division. You should not respond. "You have been picked for a donation from Warren Buffett Foundation for more details contact Warren Buffett Foundation via email. READ MORE >>
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