L Squared Insurance Agency Blog: attorney malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
Wednesday, August 15, 2018CEOL stands for Claims Expenses Outside the Limits of Liability. CEOL is a separate liability sublimit for claims expenses (sometimes call defense costs). With CEOL claims expenses do not reduce the primary liability limit, unless the sublimit is exhausted. READ MORE >>
Monday, August 13, 2018Recently we wrote attorney malpractice insurance for a law firm that had been with Hanover Insurance since 1986. The firm was one of the original law firms that started with Michigan Lawyers Mutual in 1986. It had stayed with Michigan Lawyers Mutual which had changed to Professionals Direct Insurance Company (PDIC) in 2001. READ MORE >>
Friday, August 10, 2018Errors made during the dissolving and forming of law firms with legal malpractice claims-made insurance policies can cost attorneys coverage. Too often the attorneys either ignore or misunderstand the need for making sure that their past acts are covered. READ MORE >>
Wednesday, August 8, 2018When we get this question, it is usually because the suspended attorney suspects that there will be unreported malpractice claims made against the attorney in the future. Generally when a malpractice insurer learns about the suspension, the insurer will either set the malpractice policy up for non-renewal or cancel the coverage immediately with notice. READ MORE >>
Tuesday, August 7, 2018No one likes completing malpractice insurance applications. It is one of the more boring and stressful things to do. But properly completing the malpractice insurance application is very important. Even though this process takes away from billable hours, if done incorrectly it c... READ MORE >>
Wednesday, August 1, 2018Yesterday’s blog discussed the need for a backup attorney and also hinted at the need for a succession plan. This is especially important for small law firms. No matter where an attorney or attorneys are in their career(s) having a succession plan is important to the overall health of the entire organization. READ MORE >>
Tuesday, July 31, 2018Most attorney malpractice insurers require a backup attorney or they will not issue a policy for a solo practitioner. Frequently the solo attorney will ask why this is a requirement and some even get mad refusing to go with an insurer that requires this. READ MORE >>
Monday, July 30, 2018Notice the title states avoiding not preventing attorney malpractice claims. Every attorney I know complains about the rising cost of attorney malpractice insurance. This is especially true for the attorneys that started practice in the 70’s and 80’s. READ MORE >>
Friday, July 27, 2018In the New Jersey case of Sheppard v Lentz the plaintiff had alleged that Attorney Perskie negligently referred a traffic personal injury case to Attorney Lentz. Perskie had determined that he had a conflict of interest prior to taking Sheppard on as a client and referred the case to Lentz. READ MORE >>
Tuesday, July 24, 2018The best attorney in the world can still end up with an attorney malpractice claim by taking the wrong client or case. Every firm needs to have a client intake procedure that they use for every new client and case. It is best to have a written plan that everyone in the firm follows. READ MORE >>
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