L Squared Insurance Agency Blog: coverage
View the latest blog posts from L Squared Insurance Agency.
Wednesday, February 14, 2018Attorney Malpractice, Accountant Professional Liability and Title Agency Errors and Omissions Insurance are written on a claims-made policy form on behalf of the named insured firm. Coverage extends from the firm to the employees, contractors, and partners/members of the firm. READ MORE >>
Thursday, February 8, 2018It is amazing the problems an accounting firm or law firm can create for themselves by failing to notify their Malpractice agent/insurer of changes to the firm. Malpractice Insurance Policies Require Timely Notification of Firm Changes. READ MORE >>
Friday, February 2, 2018 Question from attorney: Does your insurance agency provide malpractice insurance for mediators? I have a litigation practice but am hoping to expand into mediation as a significant area of my practice. Response: Mediation is normally defined as a professional service a lawyer would perform under most attorney malpractice policies. READ MORE >>
Wednesday, January 31, 2018This issue recently came up with a client who was trying to determine which insurer had ‘better’ coverage. As frequently happens the client went no further than the declarations page to come to a conclusion. There is no standard Professional Liability Insurance Policy. READ MORE >>
Monday, January 29, 2018When does misrepresentation or non-disclosure on the attorney malpractice insurance application cross the line between having coverage declined to having the coverage rescinded? Having coverage declined because of properly disclosing application information is a problem. READ MORE >>
Friday, January 26, 2018When one attorney in a law firm wants increased attorney malpractice limits but the other firm members do not want to pay the extra cost, what can the one attorney do? It seems logical to allow one attorney to increase their policy limits. READ MORE >>
Wednesday, December 6, 2017 Prior acts along with a ‘claims-made’ policy form are two of the most misunderstood concepts with malpractice insurance. It is a shame, because this misunderstanding costs many professional s millions of dollars in coverage every year. READ MORE >>
Monday, December 4, 2017During a closing on a real estate transaction, cyber criminals sent new instructions via e-mail for sending the monies. Insured did not verify by a phone call or other means that the new instructions changing the account numbers was correct. $150,000 was sent to the cyber criminals via ACH as a result and the money is gone. READ MORE >>
Thursday, November 30, 2017The attorney was with a high risk insurance carrier letting his coverage lapse in 2016. He wrongly assumed that it would not be a big deal to get his prior acts back after more than a year and ½.. He had been paying around $7,000 annually to cover his past acts. READ MORE >>
Friday, August 18, 2017Recently we were working with a newer CPA. His current agent had written him a Business Owners Policy (BOP) and combined that with an additional policy for Tax Preparers and Bookkeeping Errors and Omissions Insurance for one policy through The Hartford. READ MORE >>
|
Blog Archive
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2013
2011
|
|