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View the latest blog posts from L Squared Insurance Agency.
Monday, February 20, 2023 Periodically we receive requests to add a mortgagee to a legal malpractice policy. This occurs when a law firm lender requests a certificate of insurance for a loan that is being renewed or procured. The law firm gives our insurance agency name and e-mail so that the lender can contact us about adding a certificate for a mortgagee to an attorney malpractice insurance policy. READ MORE >>
Friday, February 17, 2023 Two attorneys are comparing the cost of their legal malpractice insurance for their law practices. One attorney is dismayed because their law firm insurance policy is twice the cost of the other law firm. Given that the firms have the same number of attorneys and both law practices are similar how can this be? READ MORE >>
Thursday, February 16, 2023 There is no standard attorney malpractice policy definitions wording. But the definitions wording is similar from policy to policy. But minor policy wording differences can be the difference between having coverage or paying for the claim out of your own pocket. READ MORE >>
Wednesday, February 15, 2023 The 1st year policy inception date establishes the claims-made prior acts date. This date should be maintained from renewal to renewal. Even if the insured firm switches insurers maintain the prior acts date. Attorney malpractice insurance uses a claims-made policy form. READ MORE >>
Tuesday, February 14, 2023 Step Rating is not defined in legal malpractice policies. Step rating is the major premium increase cause in the first one to five years of continuous claims-made insurance coverage. With claims-made coverage the only policy that you can report a claim to is the current inforce policy. READ MORE >>
Monday, February 13, 2023
EPLI – Every Business Should Carry This Coverage
What is Employment Practices Liability (EPLI) Insurance?
Employment Practices Liability Insurance (EPLI) will protect a business against claims that allege actions from first and third-parties of wrongful termination, discriminati... READ MORE >>
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 >>
Monday, February 6, 2023 Special Risk Management Report WEBINAR: Tax Season Challenges - How to Handle R&D Expense Capitalization, Inaccurate ERC Claims, And Other Hot Topics February 16, 2023 1PM EST This current tax season was supposed to get us back to normality. READ MORE >>