L Squared Insurance Agency Blog: coverage
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 >>
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 >>
Tuesday, October 18, 2022 Prior acts coverage and the ‘claims-made’ policy form are misunderstood malpractice insurance concepts. Misunderstanding these concepts costs professionals millions of dollars in coverage every year. There are two basic property and casualty insurance forms; the ‘occurrence’ policy form and the ’claims-made’ policy form. 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 >>
Thursday, October 6, 2022 Fraudulent wire transfers are a significant exposure to Law Firms and Title Agencies. Even with proper controls in place a firm could face a 6 or 7 figure loss. Just by hitting a button you can send millions of dollars out of your Trust Account. This has sped up commerce, but it does have a dark side. READ MORE >>
Tuesday, September 20, 2022 What would you do if you came in Monday Morning and your computers and phones were locked up? Many firms experience this unfortunate surprise. Cyber Insurance is More Important than People Realize. Get a Quote Contact Me Today READ MORE >>
Thursday, August 18, 2022 Claims-made prior acts coverage is a misunderstood malpractice insurance concept. This misunderstanding costs professionals millions of dollars in lost coverage every year. The two basic property and casualty insurance forms are the ‘occurrence’ policy form and the ’claims-made’ policy form. READ MORE >>
Thursday, July 28, 2022 Over the past few years, cyber insurance was cheap—low rates, high limits, more than enough coverage to go around, and flexible contracts with little to no underwriting. But today’s cyber insurance marketplace is quite different. With rising cyber risk and loss ratios, cyber insurers have raised premiums. READ MORE >>
Monday, July 25, 2022Business interruption coverage is an essential insurance needed by all businesses. The costs of restoring a business’s operations can easily exceed the actual cost of repairing the damage. The length of time a business is not in operation can put you out of business. READ MORE >>
Friday, July 8, 2022Protecting the ‘business side of the law,’ a 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 >>
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