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Home > Blog > Attorney%20Malpractice%20Insurance > L Squared Insurance Agency Blog: attorney malpractice insurance
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L Squared Insurance Agency Blog: attorney malpractice insurance

View the latest blog posts from L Squared Insurance Agency.

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Friday, January 24, 2020

PSIC – Attorney Shield “Free” Retirement Tail

With Professional Solutions Insurance Company (PSIC) dropping Lawyer s Professional Liability Insurance what happens to the “Free” Retirement Tail? If PSIC has issued the non-practicing extended reporting period endorsement (ERP) attached to your policy, then you have nothing to worry about. READ MORE >>

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Wednesday, January 22, 2020

Attorney Shield (PSIC) Sent Me a Non-Renewal Notice

Received a non-renewal notice that Professional Solutions Insurance Company (PSIC) Attorney Shield is getting out of Attorney Malpractice Insurance, now what? L Squared Insurance Agency was one of the larger writers of PSIC Attorney Shield Malpractice Insurance.  In fact, we were one of the 1st agencies to write for them. READ MORE >>

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Wednesday, December 18, 2019

No Black Friday Attorney Malpractice Insurance Specials

Waiting 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 >>

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Wednesday, December 4, 2019

The True Cost of Attorney Malpractice Tail Coverage for Firms Splitting Up

Year-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 >>

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Wednesday, August 21, 2019

The Average Cost of Attorney Malpractice Insurance

Small 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 >>

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Tuesday, July 16, 2019

Hints for Completing that 1st Malpractice Application for New Attorneys and New Law Firms

Attorneys 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 >>

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Thursday, June 27, 2019

Sanctions not Covered by Attorney Malpractice Policy

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 >>

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Tuesday, May 14, 2019

Spend Time on Attorney Malpractice Application Area of Practice Grid

Many 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 >>

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Tuesday, April 23, 2019

Attorney Malpractice Insurance normally does not cover Attorney Fees

Every 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 >>

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Wednesday, March 27, 2019

Webinar: The Importance of Client Selection and the Client Intake Process April 17, 2019 1PM EDT

READ MORE >>

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