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View the latest blog posts from L Squared Insurance Agency.

The confusion in the proper use of an insurance policy versus a bond often leads to the request for the wrong coverage product.  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 a basic misunderstanding. READ MORE >>

Avoid flying into a mountain.  One of the more preventable attorney malpractice claims is a statute of limitations claim.  Initial steps at client intake can help avoid or minimize your risk of being sued. First determine if the firm is bumping up against statutes of limitation issues. READ MORE >>

If you receive a subpoena for information or to testify take a deep breath and then notify your malpractice insurer.  Even though this is a benefit in many policies it is a 2-edge sword.  Responding to the subpoena without notifying your insurer could down the road lead to a malpractice claim’s denial for prior knowledge. READ MORE >>

Many law firms do not answer this attorney malpractice application question correctly.  Basically, the insurer wants to know what you did last year.  Emphasis on the ‘last’ year.     READ MORE >>

Tracy Norcross and Ashley Slot at the 2019 Michigan Access to Justice Annual Conference representing L Squared Insurance Agency. READ MORE >>

Occasionally we get a client that attempts to bind the insurer to a contract that the insured firm has signed in hopes that the insurer will be bound to that contract. This is where the Contractual Liability Concept comes into play.  Basically, an insured cannot bind an insurer to the terms of a 3rd party contract. READ MORE >>

When an accounting firm receives a subpoena for information, it is important that the firm follows the law.  It needs to make sure that it responds appropriately to the subpoena and protects itself as well as their client’s rights. READ MORE >>

With some frequency professionals cite claims-made coverage that they had in the past as their current coverage.  Many seem to think that if the act occurred while coverage was previously inforce they still have coverage for that claim even if it was never reported to the insurer. READ MORE >>

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