L Squared Insurance Agency Blog: attorney malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
Friday, October 21, 2016The world has changed in the past few years. All of us think nothing about tweeting or posting about what we did, what we saw, what we ate or how we feel almost as soon as it happens. Sometimes if makes us feel good to air publicly arguments or disagreements when we perceive that we were treated unfairly. READ MORE >>
Thursday, October 20, 2016One of the most preventable attorney malpractice claims is a statute of limitations claim. The initial steps at client intake can help avoid or minimize your risk of being sued. The firm needs at intake determine if the firm is bumping up against a statutes of limitation issue. READ MORE >>
Tuesday, October 18, 2016All Lawyers Professional Liability Insurance policies sold in the USA are claims made policies. This continues to be an issue that comes up time and again with attorneys that falsely believe if they let their coverage lapse that past acts will be covered by the lapsed Attorney Malpractice Insurance Policy. READ MORE >>
Friday, October 14, 2016 Malpractice Insurance—Coverage for Sanctions There is no coverage for sanctions or fines under a Professional Liability Insurance policy. In most cases sanctions or fines would not be insurable anyway. READ MORE >>
Wednesday, October 12, 2016Many law firms do not answer these questions correctly on the Lawyers Professional Liability Insurance application. Some law firms might perceive this to be no big deal. When not answered correctly, it could lead to claims being denied (an extreme case), but likely additional underwriting questions and/or a premium that may be much higher or lower than it should be. READ MORE >>
Friday, October 7, 2016Normally attorney’s fees are not covered by a Lawyers Professional Liability Insurance Policy. The reasoning for this is that the awarding of attorney’s fees by the court is meant to punish the attorney. It is also meant to discourage attorneys from engaging in similar conduct in the future. READ MORE >>
Thursday, October 6, 2016We blogged about this a few month ago, but are still getting questions about whether a malpractice policy has an “innocent Insured” clause and what does it mean. There seems to still be a misunderstanding as to the meaning and intent of this clause in a policy. READ MORE >>
Wednesday, October 5, 2016All law firms should carry a business owners and commercial auto policies to protect your assets from the business side perils of your law firm, ie property damage, general liability, business interruption insurance, personal injury protection. These commercial insurance policies exclude the practice side of your law firm. READ MORE >>
Tuesday, October 4, 2016Occasionally we have an attorney call because they are in need of past acts coverage for a variety of reasons. Sometimes they are about to become a Judge or Prosecutor etc. and never had insurance, but are now required to have past acts coverage before assuming their new duties. READ MORE >>
Friday, September 30, 2016We are frequently asked why with an Attorney Malpractice policy they cannot purchase a Commercial Umbrella Insurance policy or already have an Commercial Umbrella Policy that they purchased from their Business Owners Insurance carrier or a separate standalone Commercial Umbrella Insurance Policy ... READ MORE >>
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