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L Squared Insurance Agency Blog Page 89

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Exploring Your Options for Lawyers' Malpractice Insurance? Make sure you compare the coverage – and not just the price. When shopping for Lawyers Professional Liability insurance, or any other type of Errors & Omissions coverage, premium is an important consideration. READ MORE >>

What should you do when your malpractice insurer won’t renew your policy? I think it’s safe to say that most highly educated professionals, such as lawyers, doctors, accountants, and engineers, have “Type A” personalities.  Most of us are hard-working, driven, perfectionists, who strive to do the best we can for our clients. READ MORE >>

The lawsuit by Christ Academy against Hermes Sargent Bates was only recently filed.   Assuming the firm has adequate insurance limits, and there are no coverage disputes with the carrier, the insurance company will likely move quickly to control defense expenses and damages. READ MORE >>

One of the most difficult concepts for purchasers of professional liability insurance to grasp is the meaning of “prior acts coverage” and “claims-made policies." As the case of Christ Academy v. READ MORE >>

One of the most difficult concepts for purchasers of professional liability insurance to grasp is the meaning of “prior acts coverage” and “claims-made policies." As the case of Christ Academy v. READ MORE >>

Law firms need to reapply for legal malpractice insurance every year. And on every application, whether it be for new business or a renewal policy, the law firm must answer questions about its client billings.  Typical questions are: •How many times have you sued a client for fees in the past 5 years? READ MORE >>

Most defense attorneys enjoy relatively lower premiums for malpractice insurance.  That’s because they are not as often the targets of lawsuits as their colleagues who represent plaintiffs. Lawsuits against plaintiffs’ attorneys are usually the result of a missed statute of limitations. READ MORE >>

Last week we discussed the case of Christ Academy v. Hermes Sargent Bates and learned the many risks of having an underinsured client. (You can read the post here if you missed it.) Many employers think they are not at risk of a discrimination lawsuit because their employees “would never do that. READ MORE >>

Defense attorneys who successfully defended a private school against sex discrimination claims are now defending themselves against a malpractice claim filed by their former client.  The Christ Academy claims its attorneys were “negligent and deceptive in defending the scho... READ MORE >>

Myth #1:  Since most NC lawyers buy their malpractice insurance from the same company, that company must have the best price. The truth is that many North Carolina lawyers are paying substantially higher premiums than competitors’ rates for a policy that provides substantially less coverage. READ MORE >>

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