L Squared Insurance Agency Blog: claims made insurance
View the latest blog posts from L Squared Insurance Agency.
Wednesday, January 23, 2019Brief background
Most property & casualty insurance policies are occurrence policies. Your personal auto, homeowners and business owners policies are good examples of an occurrence policy. With an occurrence policy, the policy that is on the risk at the time that a covered act &l... READ MORE >>
Tuesday, September 18, 2018Confusion with when a claim is covered by a claims-made policy can be costly. One of the leading causes of claims being denied is just letting the coverage lapse assuming that there will continue to be coverage for past acts. Attorneys continue to be confused with claims-made coverage as to if a claim is covered. READ MORE >>
Wednesday, April 18, 2018Question from Attorney: Will you write an Attorney Malpractice Insurance Policy for me without prior acts coverage? I currently have prior acts coverage and want to renew without any prior acts coverage to save money. I do not want to purchase a Tail or Extended Reporting Period Endorsement from the incumbent insurer. READ MORE >>
Wednesday, September 28, 2016Claims made insurance policies are designed to provide coverage for covered acts that a claim is made and reported during the policy period. An unendorsed claims made policy generally only provides coverage for the current policy term for covered acts that occurred during the policy period and where the claim is made and reported during that term. READ MORE >>
Tuesday, May 3, 2016It is not a good idea to pick up an attorney’s past acts exposure for Lawyers Malpractice Insurance for a number of reasons: 1. It immediately will increase the firm’s Lawyers Professional Liability Insurance premium. READ MORE >>