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L Squared Insurance Agency Blog: attorney malpractice insurance

View the latest blog posts from L Squared Insurance Agency.

Many law firms do not answer this attorney malpractice application question correctly.  Basically, the insurer wants to know what you did last year.  Emphasis on the ‘last’ year.     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 >>


Protecting the ‘business side of the law’, the firm needs to carry business owners, workers compensation, and cyber insurance. But these commercial insurance policies exclude the ‘practice side of the law’. Claims-made attorney malpractice insurance policies protect the ‘practice side of the law’. READ MORE >>

For years some professionals go without worrying about malpractice insurance coverage and the protection that comes with having their past acts covered.  But then there is a changing of the guard and the attorney or accountant calls because they need past acts protection. READ MORE >>

Attorney Malpractice Insurance policies are generally written as a ‘Duty to Defend’ policy.  With a Duty to Defend policy the insured has an expectation that if a claim is brought against the insured that the insurer will step up to the plate and provide a defense for the insured. READ MORE >>

Over the years we have run into this coverage problem that unknowingly creates a lack of coverage for an attorney.  Just like a sleeping baby, no one screams until the baby is awakened. A multi-member law firm has a tenant attorney staying in their office space. READ MORE >>

With law firms trying to reduce their costs by avoiding hiring new associate attorneys many firms have turned to hiring contract or appearance attorneys either on a short- or long-term basis.  This allows the law firm to take on more legal work without having to permanently increase its fixed costs. READ MORE >>

Many an attorney is frustrated when they first breach the subject of using the “free” non-practicing Extended Reporting Period Endorsement (ERP or Tail) with their Attorney Malpractice Agent.  If the agent tells them the cold “truth”, it can change the attorney’s plans about how and when to retire. READ MORE >>

Have blogged about this before.  Attorney’s close to retirement having qualified for a free non-practicing ERP are shopping their malpractice insurance.  Saving a couple hundred dollars today could cost thousands tomorrow. READ MORE >>

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