L Squared Insurance Agency Blog: attorney malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
Thursday, March 22, 2018Attorneys become upset when they find out that suing clients for unpaid legal fees can cause their attorney malpractice insurance premiums to increase. In fact, with many admitted malpractice insurers as few as 5 client fee suits for unpaid legal fees in a 2 year period causes the insu... READ MORE >>
Wednesday, March 21, 2018Claims-made insurance is often misunderstood. This misunderstanding can be costly. All Attorney Malpractice Insurance policies issued in the USA are written on a ‘claim-made’ policy form. With claim-made coverage, once policy lapses, so does your past acts coverage. READ MORE >>
Monday, March 19, 2018Attorney Malpractice Insurance Policies are written on a ‘claims-made’ policy form. A claims-made policy form requires that the covered act must be reported (claim made) during the policy period or during the extension of the reporting period (ERP/Tail). READ MORE >>
Friday, March 16, 2018 This is a frequently asked question. Attorney takes the “free” non-practicing Extended Reporting Period Endorsement (ERP/Tail) on his Attorney Malpractice Insurance Policy and decides to start practicing law again at a later date. What is the impact on the ERP? READ MORE >>
Thursday, March 15, 2018Many attorney s refer cases. Some firms do no real legal work and refer out almost any case that comes their way. For law firms with this business model they should read ‘Court Castigates the Solicit-Then-Refer Model’ by Seth Laver. The rest of this blog is for the attorneys that occasionally refer out cases. READ MORE >>
Thursday, March 8, 2018Risk Management Tip from Travelers Insurance March 2018 News Letter: Steps to Take at the Inception of Each Client Engagement to Avoid a Malpractice Claim Any client who is unhappy with a law firm’s representation is a potential plaintiff in a subsequent legal malpractice action. READ MORE >>
Thursday, March 1, 2018 READ MORE >>
Tuesday, February 27, 2018Disciplinary Coverage is an additional coverage found on most admitted and some non-admitted Attorney Malpractice Insurance policies. Some malpractice insurers that do not offer this coverage are willing to endorse it on if requested. READ MORE >>
Friday, February 23, 2018The assumption that your attorney malpractice policy will not answer in case of a criminal complaint could be invalid. A recent New Jersey court case was cited in Professional Liability Matters by Seth L. Laver, Andrew P. Carroll and Steven C. READ MORE >>
Wednesday, February 21, 2018Suspended and/or disbarred attorneys want to obtain coverage to protect their past acts. So it begs the question can a suspended attorney obtain an attorney malpractice insurance policy? Most attorney malpractice insurance policies have an outright exclusion for a suspended attorney. READ MORE >>
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