L Squared Insurance Agency Blog: attorney malpractice
View the latest blog posts from L Squared Insurance Agency.
Friday, May 17, 2019Avoid flying into a mountain. One of the more preventable attorney malpractice claims is a statute of limitations claim. Initial steps at client intake can help avoid or minimize your risk of being sued. First determine if the firm is bumping up against statutes of limitation issues. READ MORE >>
Wednesday, May 15, 2019 If you receive a subpoena for information or to testify take a deep breath and then notify your malpractice insurer. Even though this is a benefit in many policies it is a 2-edge sword. Responding to the subpoena without notifying your insurer could down the road lead to a malpractice claim’s denial for prior knowledge. READ MORE >>
Tuesday, May 14, 2019Many 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 >>
Tuesday, April 23, 2019Every 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 >>
Thursday, April 4, 2019An attorney can be in between jobs and wants coverage until their next job comes along. That attorney wants legal malpractice protection. With frequency we get asked about short terms attorney malpractice policies, this is that recently asked question: From Attorney: READ MORE >>
Wednesday, March 27, 2019 READ MORE >>
Tuesday, March 26, 2019 Protecting the ‘business side of the law’, the 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, March 21, 2019For years some professionals go without worrying about malpractice insurance coverage and the protection that comes with having their past acts covered. But then there is a changing of the guard and the attorney or accountant calls because they need past acts protection. READ MORE >>
Thursday, March 21, 2019Kind of like feeling that your are about to crash into a mountain, realizing that you have made a mistake can be scary but hiding the mistake will only make it worse. It’s wise to contact your malpractice insurer as soon as you realize a mistake has been made. Protect your policy rights with timely claim reporting. READ MORE >>
Tuesday, March 19, 2019We are frequently asked why a Commercial Umbrella Insurance policy cannot be used to increase liability limits for their attorney malpractice exposure. The simple answer is that a Commercial or Personal Umbrella Insurance policy specifically excludes coverage for work done by an attorney. READ MORE >>
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