L Squared Insurance Agency Blog: coverage
View the latest blog posts from L Squared Insurance Agency.
Thursday, February 20, 2020Your agent tells you you’re all set with your malpractice coverage. Nothing for you to worry about. Non or lack of full disclosure can sink your coverage. Insurers do have ways to eliminate your coverage if there is a lack of full disclosure. READ MORE >>
Friday, December 20, 2019End of year can be an exciting time for accountants and attorneys. Many professionals make or execute career decisions at year. Some start out on a new journey as a solo practitioner. Others are forming new partnerships or joining existing partnerships. 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 >>
Thursday, February 28, 2019Over the years we have run into this coverage problem that unknowingly creates a lack of coverage for an attorney. Just like a sleeping baby, no one screams until the baby is awakened. A multi-member law firm has a tenant attorney staying in their office space. READ MORE >>
Tuesday, January 8, 2019We frequently get asked questions as to whether we have an insurer that will provide coverage for different attorney practice areas. As an independent nationwide agency there are rarely any areas of practice that we do not have an insurer willing to provide coverage for a well-run law firm. READ MORE >>
Tuesday, October 9, 2018Whether due to natural disaster, fire, or another unforeseen event, businesses sometimes must suspend their operations temporarily—for days, weeks or possibly even months. A temporary closure of even a few days can be devastating to a business’s viability, especially if the business doesn’t have a plan for how to deal with it. READ MORE >>
Tuesday, October 9, 2018Disaster Recover—Are You Prepared? A bad wind can blow through your law firm or accounting firm at any time. Daily people and regions around the world are devastated by unforeseen unpredictable events – natural disasters, fires, storms, floods, hurricanes and earthquakes, along with man-made disasters of cyber attached, terror attacks and/or power outages. 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 >>
Monday, August 20, 2018Business interruption insurance coverage is an essential coverage needed by all businesses. It is not uncommon that the costs of restoring a business’s operations can easily exceed the actual cost of repairing the damage that caused the business interruption. READ MORE >>
Wednesday, August 8, 2018When we get this question, it is usually because the suspended attorney suspects that there will be unreported malpractice claims made against the attorney in the future. Generally when a malpractice insurer learns about the suspension, the insurer will either set the malpractice policy up for non-renewal or cancel the coverage immediately with notice. READ MORE >>
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