L Squared Insurance Agency Blog: attorney malpractice
View the latest blog posts from L Squared Insurance Agency.
Thursday, August 25, 2022 Hiring a suspended attorney impacts the firm’s attorney malpractice insurance. While it is the firm’s prerogative to hire who they want, it can cause a firm to lose coverage. Some Examples: 1. Law Firm hired an attorney that was currently suspended from the practice of law. READ MORE >>
Monday, August 22, 2022 Insurance carrier loss runs show all claims that have been reported to an insurer during the time that the insurer provided insurance coverage. The loss runs not only include actual malpractice claims paid but reported incidents that may never turn into a claim and/or disciplinary proceedings. READ MORE >>
Tuesday, August 9, 2022 Why do attorney malpractice insurers require a backup attorney for solo practitioners? About once a quarter we get a call from a solo attorney’s staff that the attorney is incapacitated. The last call that I took from a paralegal who stated that the attorney had been in the hospital for a month and will be there for another couple of months. READ MORE >>
Monday, August 8, 2022 An unexpected crisis could render you unable to continue working. Even the youngest and healthiest attorneys can’t escape a sudden emergency. However, despite unforeseen events, Father Time marches on and so do court dates and cases. READ MORE >>
Friday, July 29, 2022 Attorney 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, July 8, 2022Protecting the ‘business side of the law,’ a firm needs to carry business owners, workers compensation, and cyber insurance. But these commercial insurance policies exclude the ‘practice side of the law.’ Claims-made attorney malpractice insurance policies protect the ‘practice side of the law. READ MORE >>
Thursday, April 28, 2022Attorneys can easily misunderstand what is and is not covered when a firm has an ‘Of Counsel’ attorney working for them. Attorneys continue to construct ‘creative’ relationships for attorney malpractice coverage under this mistaken belief. Believing something versus having coverage are two different things. READ MORE >>
Tuesday, December 28, 2021 You are happy about saving money with your replacement coverage. But checking these items could save you even more money in the future: 1. Check the named insured and who is insured. 2. Make sure the effective date of the replacement policy matches the expiration date of your current coverage. READ MORE >>
Thursday, September 30, 2021The best attorney in the world can end up with a Legal Malpractice claim by taking the wrong client. As an attorney you may represent people that have done horrible things. You may not approve of what they did, but that does not mean they are a bad client. Your job is not to be a moral compass. READ MORE >>
Wednesday, September 29, 2021As law firms evolve so should their insurance coverage. Not every malpractice insurance policy is a good fit for every firm. The proper firm coverage needed 3 years ago, may not be the coverage that the firm needs today. Neglecting a periodic review of your firm’s insurance needs can be costly. READ MORE >>
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