L Squared Insurance Agency Blog: attorney malpractice
View the latest blog posts from L Squared Insurance Agency.
Tuesday, October 25, 2022 Upon receiving a subpoena for information or to testify take a deep breath and then notify your malpractice insurance. This benefit is a 2-edge sword. Responding to the subpoena without notifying your insurer could get a malpractice claim denial. READ MORE >>
Monday, October 24, 2022 Attorney Malpractice Insurance policies are not “All Risk” insurance contracts. It is important to know what your policy covers. This question often asked occurs after the attorney is either threatened with sanctions or receiving a claim denial for sanctions. READ MORE >>
Friday, October 21, 2022 My agent stated that the premium increase was because of “step rating.” Lawyers Professional Liability policies are Claims-Made Policies. Legal Malpractice Insurance Claims-Made Policies are Step Rated. Your initial lawyers policy is written without prior acts coverage. READ MORE >>
Thursday, October 20, 2022 Attorneys may choose to go without malpractice insurance in the mistaken belief that their close relationship with clients makes them immune to claims. An attorneys may believe that the chances of facing a claim are low. But consider that the average cost of defending a malpractice claim exceeds $80,000. READ MORE >>
Tuesday, October 18, 2022 Commonly part of the policy disciplinary coverage is found on admitted and a few non-admitted Legal Malpractice Insurance policies. Insurers that do not offer disciplinary coverage as part of their standard policy seldom will endorse it on. READ MORE >>
Friday, October 14, 2022 Being a defendant in a legal malpractice claim is no fun. In addition to the potential cost of an adverse judgement, there is the stress and expense of being away from practicing law to defend yourself. Having attorney malpractice insurance is an essential part of any law firm’s safety net. READ MORE >>
Friday, October 14, 2022 Why Do I Need A Fee Agreement? Sitting in 1L Contracts, you were probably more worried about how to define “consideration” rather than how to draft a valid contract. As you have settled into your law practice, you likely prepare and review contracts every day. READ MORE >>
Thursday, October 13, 2022 Avoid losing your prior acts coverage. Many professionals are making career decisions this year. Whether starting out on a new journey as a solo practitioner or forming new partnerships or joining existing partnerships protect your past acts. READ MORE >>
Monday, October 10, 2022 Client fee disputes is a leading cause of attorney malpractice claims. Avoid fee disputes by explaining the fee arrangement in great detail during the first meeting. Confirm this understanding in writing and have the client agree by signing the agreement. READ MORE >>
Monday, October 10, 2022 How to Handle a Negative Online Review By: Erin McCartney, Esq., RPLU AVP Attorney Protective Sent to voicemail...again! A young law associate has been trying to contact a recent client who is no longer answering calls or responding to emails. READ MORE >>
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