L Squared Insurance Agency Blog: attorney malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
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 >>
Wednesday, July 11, 2018We have actually helped law firms that were carrying 2 or 3 legal malpractice insurance policies because the malpractice insurers they had written with were only licensed in one state. In many cases the premiums were cut in half once the firm was written on one policy. READ MORE >>
Tuesday, July 10, 2018Many an attorney has commented when completing the malpractice insurance application that they refer out or case share cases that they normally do not handle. While a referral or sharing a case can be in the best interest of the law firm and client be cautious about making sure you document the relationship. READ MORE >>
Thursday, June 7, 2018You report a malpractice claim now the insurer sends a Reservation of Rights Letter (ROR). Don’t panic this does not mean that the insurer is about to deny your claim. An ROR is a standard procedure for most malpractice claims departments. READ MORE >>
Thursday, May 31, 2018We have discussed a number of issues with Extended Reporting Period Endorsements (ERP or Tail) recently. One that does not come up often is the remaining ERP policy limit. Remember that an ERP is attached to the last inforce policy. READ MORE >>
Wednesday, May 23, 2018Attorneys are very intelligent creative people who sometimes do dumb things. Attorney Malpractice Extended Reporting Period Endorsements (ERP or Tail) are expensive. Some firms have gone to great lengths to figure out ways to avoid buying an ERP to save money. READ MORE >>
Tuesday, May 15, 2018Many people have no idea what Insurance Carrier Loss Runs are. Plus who wants to discuss or disclose malpractice claims just to get an insurance quote. Why won’t an insurer just quote without this information? Insurance carrier loss runs are a report(s) that shows claims reported to a malpractice insurer during the time the firm was with the insurer. READ MORE >>
Monday, May 14, 2018Year after year you are required to complete a malpractice application. It is enough to make you want to scream. Accountant and attorney malpractice insurers generally want an updated application every year. But Business Owners, Workers Compensation and Commercial Auto insurers renew each year without an application. READ MORE >>
Monday, April 30, 2018Lawyers that choose to go without malpractice insurance believe that because they work for a small firm and maintain close relationships with their regular clients, that they are immune to claims. Other attorneys believe that the chances of them facing a claim aren’t great enough for them to purchase an Attorney Malpractice insurance policy. READ MORE >>
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