L Squared Insurance Agency Blog: attorney malpractice
View the latest blog posts from L Squared Insurance Agency.
Thursday, July 29, 2021When client expectations differ from the result it’s not uncommon for a client to sue and/or allege attorney malpractice. Beginning with the initial client intake explain the legal services provided and never leave the provided services open to interpretation. READ MORE >>
Wednesday, July 28, 2021It would be nice to tell you that great client selection prevents a client from hell. Unfortunately, there is no guarantee that even when you decline to represent the prospective client you will not be sued. The claimant might be the opposing litigant. READ MORE >>
Tuesday, July 27, 2021A small law firm partnership can be like a marriage. Through good and bad times many partnerships stick together and work things out. But when things go bad in a law firm between attorneys, they can really go bad. Once communication breaks down it can lead to more drastic actions. READ MORE >>
Monday, July 26, 2021When essential information is not provided, the quoting agent assumes. Remember it is not just the quoted premium. Coverages do matter. No one wants a quote with the wrong insurance coverages. The attorney malpractice application is essential for underwriting and quoting a law firm but the declarations page with the policy endorsements provides the rest of the story. READ MORE >>
Thursday, July 22, 2021We often tell insured how important prior acts coverage is, but what does it cover? Attorney malpractice insurance is written on a ‘Claims-made’ policy form. ‘Claims-made’ coverage in its purest form only provides coverage for covered acts that that occurred and were reported during the policy period. READ MORE >>
Wednesday, July 21, 2021Why are malpractice insurers concerned about case sharing case and client referrals? Any time a law firm shares a case with another attorney or refers the case out to another firm, the original law firm continues to have exposure for this case. READ MORE >>
Thursday, July 15, 2021 READ MORE >>
Wednesday, July 14, 2021Not only can you vary the deductible amount, but you can apply different options to help balance the insurance claims costs with the amount of exposure you are willing to take. Not all attorney malpractice deductibles are created equal. Deductible options can be packaged into policies or added as an endorsement for an additional charge. READ MORE >>
Wednesday, June 30, 2021Career Coverage provides an individual attorney with prior acts coverage for work done prior to their association with their current law firm. The reasons an attorney may want this coverage is:
1. To cover past acts if their old firm did not contin... READ MORE >>
Friday, May 28, 2021This is a frustration shared by firms that have changed their practice to lower risk AOPs (Areas of Practice). At renewal, the premium did not go down. The firm with prior higher risk AOPs will not see a rate reduction for another year. Legal malpractice insurance applications capture firm history. READ MORE >>
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