Claims-Made Attorney Malpractice Insurance (LPL) Needs to Stay Inforce to be Valid All Lawyers Professional Liability Insurance (LPL) policies sold in the USA are claims-made policies. This issue comes up when attorneys falsely believe if they let their coverage lapse...
Attorney Malpractice Insurance Policy Definitions – Damages There is no standardized attorney malpractice policy also called a lawyers professional liability policy (LPL). When shopping for a cheaper premium make sure the coverage meets your needs. People may have...
Attorney Malpractice Insurance may not Cover Escrow (IOLTA) Accounts Large balances in Escrow (IOLTA) trust accounts are an inviting target for cybercriminals inside and outside a law firm. If these funds disappear, do you have insurance coverage for this event? A...
Lawyers As Witnesses: Address the Issue Early to Avoid Later Problems There’s a new ethics opinion, from Wisconsin, addressing the “Lawyer as Witness” rule, RPC 3.7. While every state has adopted the ABA’s Model Rules, most states have also modified the language of...
Attorney Malpractice—Blown Deadline Costs $530,000 and Much More Missed deadlines and blown statues continue to be a leading reason for lawyer malpractice lawsuits. Approximately twenty-five percent of legal malpractice claims result from calendaring issues. Claims...
