Call Us 866.940.1101 ☰ ˟
866.940.1101
Logo
  • Home
  • About Us
    • About Us
    • Employee Directory
    • Partners Page
    • Event Calendar
    • Refer a Friend
  • Get A Quote
  • Products
    • Lawyers Malpractice Insurance
    • Accountants Professional Liability
    • Dentist Malpractice Insurance
    • Business Owners Policy
    • Cyber Liability Insurance
    • Workers Compensation Insurance
    • Title Agents E&O Insurance
  • Testimonials
  • Common Terms
    • Common Terms
    • Frequently Asked Questions
  • Blog
  • Contact
Home > Blog > Attorney Malpractice Insurance—Read now or pay later avoid blown statute of limitation claims
THURSDAY, OCTOBER 20, 2016

Attorney Malpractice Insurance—Read now or pay later avoid blown statute of limitation claims

Flying Towards MountainsOne of the most preventable attorney malpractice claims is a statute of limitations claim.  The initial steps at client intake can help avoid or minimize your risk of being sued. The firm needs at intake determine if the firm is bumping up against a statutes of limitation issue. As best as possible determine that you are not walking into a blown statute claim.  It is important that the attorney gather and read any contracts (including insurance policies, employee handbooks, etc.) that might alter the statute of limitations.  Make sure to document you system with the appropriate filing dates.   

Should you determine not to represent the client, send a timely non-retention letter and, if necessary, advise of the appropriate statute of limitations deadlines. While doing these things will not guarantee that you will never be sued, it will increase the likelihood of a successful defense.

Most states have held that an underlying contract may alter the statute of limitations.  Many attorneys neglect to read the contract until it is too late.  Once the dates have past, generally there is little the attorney can do but to notify their malpractice carrier and the client.  Lawyer professional liability insurance underwriters have little sympathy with firms for blown statute of limitation claims.  Malpractice insurance carriers view these claims as very preventable claims.

Lee Norcross 
Contact Me Today
Lee Norcross, MBA, CPCU

Managing Director, CEO
Click here to contact Lee Norcross, MBA, CPCU

(616) 940-1101 Ext. 7080 
Posted 4:21 AM

Tags: attorney malpractice insurance, lawyers professional liability insurance, claims avoidance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2013
  • 2011

  • lawyers professional liability insurance(429)
  • attorney malpractice insurance(330)
  • attorney malpractice(319)
  • legal malpractice(223)
  • legal liability(134)
  • data breach(92)
  • cyber insurance(90)
  • ethics(87)
  • erp(53)
  • malpractice insurance(46)
  • claims(39)
  • title agency e&o(36)
  • accountant e&o(34)
  • extended reporting period endorsement(29)
  • tail(26)
  • phishing(25)
  • claims made coverage(19)
  • extended reporting period(18)
  • accountant errors & omissions(17)
  • claims reporting(17)
  • prior acts(17)
  • cyber security(16)
  • legal malpractice insurance(16)
  • cyber liability(16)
  • ransomware(16)
  • claim prevention(16)
  • crime insurance(15)
  • attorney protective cle(14)
  • the hartford weekly newsletter(14)
  • professional liability insurance(12)
  • business owners insurance(11)
  • legal liability insurance(11)
  • retirement tail(10)
  • full prior acts(10)
  • fee suits(9)
  • bop(9)
  • title agent errors & omissions(9)
  • cyber crime(9)
  • accountant errors & omissions insurance(9)
  • prior acts date(8)
  • webinar(8)
  • non-practicing erp(8)
  • cyber liability insurance(8)
  • lawyers(8)
  • claims made(8)
  • employment practices liability(7)
  • attorney protective 2019 free cle webinar(7)
  • non-practicing extended reporting period endorsement(7)
  • malpractice claims(7)
  • policy exclusions(7)

View Mobile Version
Logo
Quick Links
Home Our Products Customer Service Payment Options Common Terms
About Us Refer A Friend Our Carriers Blog Contact Us
Location
2430 Camelot Ct SE
Grand Rapids, MI 49546

Local: 616.940.1101
Toll Free: 866.940.1101
Email: info@L2ins.com
Facebook Twitter Social LinkedIn
© Copyright. All rights reserved.
Powered by Insurance Website Builder