L Squared Insurance Agency Blog: attorney malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
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 >>
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 >>
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