Backup Attorney/Interim Administrator Essential for Private Practice Attorneys About once a quarter we get a call from an incapacitated attorney’s staff. The last call that I took was from a paralegal stating that the attorney had been in the hospital for a month and...
While attorney malpractice insurance policies do not have standard wording, certain exclusions are almost universal. An firm’s attorney fees is a common exclusion. Attorney’s fees are not considered in the damages definition and are therefore excluded from coverage....
Step Rating Caused My Attorney Malpractice Insurance Premium to Increase So what is Step Rating? A Step Rating definition is not found or mentioned in attorney malpractice policies (LPL). LPL policies are written using a claims-made policy form. A claims-made policy...
If your law office moves out of state notify all your property & casualty insurance carriers as soon as possible. Notifying your attorney malpractice insurer is essential. Do not wait until renewal. You can expect that each insurer will either cancel your coverage...
What Are Carrier Insurance Loss Runs? Your insurance loss run report shows your policy claims history. This means that each time you file a claim under your insurance policy, it’s recorded in your loss runs report. This report can be useful if you’re looking for new...
