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L Squared Insurance Agency Blog: attorney malpractice insurance

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With law firms trying to reduce their costs by avoiding hiring new associate attorneys many firms have turned to hiring contract or appearance attorneys either on a short- or long-term basis.  This allows the law firm to take on more legal work without having to permanently increase its fixed costs. READ MORE >>

Many an attorney is frustrated when they first breach the subject of using the “free” non-practicing Extended Reporting Period Endorsement (ERP or Tail) with their Attorney Malpractice Agent.  If the agent tells them the cold “truth”, it can change the attorney’s plans about how and when to retire. READ MORE >>

Have blogged about this before.  Attorney’s close to retirement having qualified for a free non-practicing ERP are shopping their malpractice insurance.  Saving a couple hundred dollars today could cost thousands tomorrow. READ MORE >>

Accountants Errors & Omissions and Attorney Malpractice insurance policies may have a Firm Prior Acts Date, an Individual Prior Acts Date, a Career Coverage Prior Acts Date and/or Predecessor Firm Prior Acts Date. Each can be used to address specific coverage needs: 1. READ MORE >>

What do you mean that Full Prior Acts might not mean Full Prior Acts.  Legal Malpractice Insurance policies are similar but there is no common meaning to the terms.  Full Prior Acts is a term that is often misunderstood and changes from insurer to insure as to its meaning. READ MORE >>

You report a malpractice claim to your insurer giving an overview of what the claim was about.  Next thing you know you get a reservation of rights letter from your insurer.  When you top sheet the reservation of rights letter you start to get upset because it looks like the insurer is getting ready to decline coverage. READ MORE >>

The following Article is from AttPro Ally's Winter 2019 Issue 29 Quarterly magazine.   Bringing Your Practice Into the 21st Century By: Shari L Kelvens, Esq and Alanna Clair, Esq Inertia can be toxic to a law practice. Sometimes, lawyers are content to manage their practices as they always have, assuming that the old ways always work the best. READ MORE >>

Helping family members and friends with legal issues while not going through an attorney’s normal intake procedures is one of the quickest ways to get oneself in trouble.  A Colorado Attorney agreed to aid in negotiating a judgement obtained against his in-laws. READ MORE >>

The following article is from Wilson Elser/Attorneys Advantage website that our clients that are with Aon/AXIS Insurance have access to. October 30, 2018 Author: David H. Potter Data breaches and cyberattacks are becoming more prevalent and law firms have quickly become attractive targets for hackers due to the sensitive and privileged information firms collect. READ MORE >>

We frequently get asked questions as to whether we have an insurer that will provide coverage for different attorney practice areas.  As an independent nationwide agency there are rarely any areas of practice that we do not have an insurer willing to provide coverage for a well-run law firm. READ MORE >>

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