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With Professional Solutions Insurance Company (PSIC) dropping Lawyer s Professional Liability Insurance what happens to the “Free” Retirement Tail? If PSIC has issued the non-practicing extended reporting period endorsement (ERP) attached to your policy, then you have nothing to worry about. READ MORE >>

Received a non-renewal notice that Professional Solutions Insurance Company (PSIC) Attorney Shield is getting out of Attorney Malpractice Insurance, now what? L Squared Insurance Agency was one of the larger writers of PSIC Attorney Shield Malpractice Insurance.  In fact, we were one of the 1st agencies to write for them. READ MORE >>

Your agent told you that you don’t want to have a clause in your policy called “The Hammer Clause.” No, it’s not a Pro-Wrestling move and no, you won’t find the term anywhere in your policy. The Hammer Clause is a term of art for forcing a settlement in the Defense, Indemnification, and Cooperation section of your policy. READ MORE >>


End of year can be an exciting time for accountants and attorneys.  Many professionals make or execute career decisions at year.  Some start out on a new journey as a solo practitioner.  Others are forming new partnerships or joining existing partnerships. READ MORE >>

With Christmas just around the corner and the New Year not far off, many law firms’ partners and staff are getting ready to have a few well-earned days off.  Not to put a damper on the Xmas cheer, but many law firms’ also renew their attorney malpractice insurance at year end. READ MORE >>

Waiting till the last minute to buy your Christmas gifts might save you money. But waiting till the last minute to renew your attorney malpractice insurance likely will cost you money. Unlike many other types of insurance, malpractice Insurance cannot be bound without the malpractice insurer’s specific application. READ MORE >>

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