L Squared Insurance Agency Blog: claims
View the latest blog posts from L Squared Insurance Agency.
Thursday, August 22, 2019From Dental Insights, Fall 2019 By Wasif Khan J.D., L.L.M., Lance Jones J.D., and Julieta Kosiba J.D. For many dentists, their role as employers is often overlooked, taking a backseat to their role as healthcare providers. The two roles should not be viewed, however, as separate. READ MORE >>
Tuesday, August 13, 2019Insurance policies can lapse because of administrative issues or lack of funds. Letting coverage lapse is never a good thing. Whether it is Business Auto, Business Owners Coverage, Professional Liability Insurance or Workers Compensation letting your insurance coverage lapse can be costly. READ MORE >>
Tuesday, June 11, 2019 The general public commonly believes that attorneys rarely get sued. By one estimate 1 in 20 private practice attorneys face a legal malpractice claim each year. Other estimates are that a private practice attorney can face 3 malpractice claims during their careers. READ MORE >>
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 >>
Thursday, April 25, 2019With some frequency professionals cite claims-made coverage that they had in the past as their current coverage. Many seem to think that if the act occurred while coverage was previously inforce they still have coverage for that claim even if it was never reported to the insurer. READ MORE >>
Tuesday, February 26, 2019 An attorney can do the darnedest things to ensure that they get their claim denied. Attorney Malpractice insurance policies are claims-made and reported policies. Remember insurance policies are contracts. Not understanding your coverage is not a defense for getting a claim denied. READ MORE >>
Friday, February 22, 2019Unlike 10 to 20 years ago attorney malpractice claims are now a part of life. Today it is a cost of doing business. 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. READ MORE >>
Friday, January 25, 2019Professional Liability Insurance policies are normally written on a ‘claims-made’ policy form. In its purest form, an unendorsed ‘claims-made’ policy only provides coverage for the current policy term for covered acts that occurred during and where the claim is made and reported during that policy term. READ MORE >>
Thursday, January 24, 2019Individuals that have not had a claims-made policy often do not understand the importance of maintaining prior acts. Many think it is just a ploy for the insurer to collect more money. The reality is that claims-made insurance policies are almost worthless without the proper maintenance of prior acts coverage. READ MORE >>
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 >>
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