L Squared Insurance Agency Blog: 2_2018
View the latest blog posts from L Squared Insurance Agency.
Friday, February 9, 2018This issue recently came up with a client who did not want a ‘burning’ the limits attorney malpractice policy. The client went no further than the insurance proposal coversheet to come to a conclusion. In this case the client assumed (wrongly) that Claims Expenses Outside the Limits meant that there was no separate coverage for defense costs. READ MORE >>
Thursday, February 8, 2018It is amazing the problems an accounting firm or law firm can create for themselves by failing to notify their Malpractice agent/insurer of changes to the firm. Malpractice Insurance Policies Require Timely Notification of Firm Changes. READ MORE >>
Wednesday, February 7, 2018 READ MORE >>
Tuesday, February 6, 2018When I asked why malpractice insurance policy premium went up, the agent stated that it was because of “step rating”. What is step rating and why did my premium go up? Most malpractice insurance policies are Claims Made Policies. And most Claims Made Policies are Step Rated. READ MORE >>
Friday, February 2, 2018 Question from attorney: Does your insurance agency provide malpractice insurance for mediators? I have a litigation practice but am hoping to expand into mediation as a significant area of my practice. Response: Mediation is normally defined as a professional service a lawyer would perform under most attorney malpractice policies. READ MORE >>
Thursday, February 1, 2018Many law firms misunderstand as what is and is not covered when a firm has an ‘Of Counsel’ attorney working for them. Attorneys continue to construct ‘creative’ relationships for attorney malpractice coverage under this mistaken belief. READ MORE >>
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