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View the latest blog posts from L Squared Insurance Agency.

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 >>

In 2003, the Soldiers and Sailors Civil Relief Act was rewritten, and the name changed to Servicemembers Civil Relief Act.  Basically the act applies to any service members including reservists and National Guard members that are called to active duty. READ MORE >>

Hiscox is a leading provider of Cyber Insurance worldwide.  This is their 3rd Cyber Report, which can give an interesting perspective in trends from prior years.  The number of firms reporting a cyber-attack has increased from 45% in 2018 to 61% in the 2019 report. READ MORE >>

Every few months we have a law firm contact us about a judge that awarded attorney’s fees to the other party.  That award can be in the hundreds of thousands of dollars.  Many are under the false assumption that this is something normally covered under an attorney malpractice policy. READ MORE >>

The last few blogs have been about cyber and data breaches.  We have blogged about passwords before, but sometimes the victims make it way too easy for the criminals.  I know you should not blame the victims for the crime, but number one on the password list was used over 23 million times in public databases of breached accounts according to a recent BBC Article. READ MORE >>

2019 Webinar Series for Accounting Professionals A Risk Management Resource for Accounting Professionals READ MORE >>

L Squared Agency is a nationwide agency that specializes in professional liability insurance.  Because many of our clients need access to surplus lines insurers, L Squared also is a surplus lines broker in many states.  All surplus lines policies need to be reported to each state when written by a surplus lines broker. READ MORE >>

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