L Squared Insurance Agency Blog Page 32
View the latest blog posts from L Squared Insurance Agency.
Wednesday, February 8, 2023 READ MORE >>
Tuesday, February 7, 2023 If only having your bills paid was as easy as collecting rent for Park Place. Unfortunately, when clients do not make timely payments, or simply refuse to pay your bill, lawyers are put in the position of possibly having to file suit to collect their fees. READ MORE >>
Tuesday, February 7, 2023 Law firms safeguard their clients from legal peril. But they themselves face enormous cyber risks. According to the 2021 ABA survey one in four law firms have been breached at some point. The amount of data and money with which legal practices deal make them irresistible targets for threat actors. READ MORE >>
Friday, February 3, 2023 For many in the legal profession, the term “lawyer mental health” may seem contradictory. The demanding hours and stressful work environments at many law firms often have detrimental effects on legal professionals, who struggle to balance severe stress and self-care. READ MORE >>
Thursday, February 2, 2023 Procrastination and unreasonable delay can negatively impact a client’s confidence in their lawyer’s ability to effectively represent them and may even compromise the client’s legal position. Avoid triggering a malpractice suit by improving your response time and overall efficiency in your practice. READ MORE >>
Tuesday, January 31, 2023 Attorney malpractice insurance policies are claims-made policies. The prior acts date is essential to determine if there is coverage for covered acts that may have occurred many years ago. The claims department determines claims-made coverage by checking: 1. READ MORE >>
Friday, January 27, 2023 Not reporting property insurance small claims makes sense. With a property claim you generally know with great certainty the amount of damages quickly. If the property claim is below or right around your property claims deductible, then handle the claim. READ MORE >>
Thursday, January 26, 2023 Cyber Insurance Coverages to Look For First-party coverages cover you (the insured) for these costs: IT Forensics Determining exactly how a computer system was breached and what data was accessed, viewed, or copied. Notification READ MORE >>
Wednesday, January 25, 2023 Insurers increasing offer pre-claims assistance. This valuable tool is often overlooked. Check with your agent to make sure your insurer has this coverage. When confronted with a situation that might result in a malpractice claim, most lawyers, understandably, do not know what to do. READ MORE >>
Tuesday, January 24, 2023 Attorney malpractice insurance uses a claims-made policy form. This is an important concept when reducing coverage limits. Unlike an occurrence policy form where the policy form used to settle a claim is when the act occurred. READ MORE >>
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