L Squared Insurance Agency Blog: attorney malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
Wednesday, December 18, 2019Waiting till the last minute to buy your Christmas gifts might save you money. But waiting till the last minute to renew your attorney malpractice insurance likely will cost you money. Unlike many other types of insurance, malpractice Insurance cannot be bound without the malpractice insurer’s specific application. READ MORE >>
Wednesday, December 4, 2019Year-end is the time that many law firms split up and one of the questions is what’s the cost for attorney malpractice insurance tail coverage or an extended reporting period endorsement (ERP). This question came from an email from a law firm that was planning on splitting up at year-end. READ MORE >>
Wednesday, August 21, 2019Small firm attorneys may choose to go without malpractice insurance in the mistaken belief that their close relationship with their clients makes them immune to claims. Other attorneys believe that the chances of facing a claim are low. The logic flaw is that small firm attorneys are just as likely to have a malpractice claim as their more high-profile peers. READ MORE >>
Tuesday, July 16, 2019Attorneys that are forming new practices, either for the 1st time as a new in practice attorney or coming from a larger firm often confront application questions that do not make sense. Malpractice Insurance Applications are retrospective questionnaires. READ MORE >>
Thursday, June 27, 2019 Attorney Malpractice Insurance policies are not “All Risk” insurance contracts. It is important to know what is covered in your policy. Unfortunately, I normally get this question after the attorney is either threatened with sanctions or sanctions have been awarded: From Attorney READ MORE >>
Tuesday, May 14, 2019Many 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 >>
Tuesday, April 23, 2019Every 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 >>
Wednesday, March 27, 2019 READ MORE >>
Tuesday, March 26, 2019 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 >>
Thursday, March 21, 2019For 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 >>
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