L Squared Insurance Agency Blog: coverage
View the latest blog posts from L Squared Insurance Agency.
Tuesday, June 20, 2017Claims made policies normally contain a prior acts date. Firms face a dilemma when they have trouble renewing claims made coverage at a ‘reasonable’ price. Sometimes it is tempting to renew coverage without the prior acts being maintained to save money. READ MORE >>
Friday, March 3, 2017Commercial or Personal lines Umbrella Coverage is a must for any person or entity that is trying to protect their assets. After you have worked hard to acquire you assets, you do not want them all taken away because you were uninsured or underinsured. READ MORE >>
Thursday, February 23, 2017We get this request frequently. A law firm’s practice has changed. They are no longer doing the big time plaintiff cases or the mergers and acquisition work. They are looking to cut costs. One of the Law Firm’s larger expenses is Attorney Malpractice Insurance. READ MORE >>
Wednesday, February 22, 2017 For Lawyers Professional Liability Insurance, there is not common meaning to the terms. “Full Prior Acts” is a term that is often misunderstood and changes from carrier to carrier as to what it means. Each Attorney Malpractice policy defines the terms used in the policy in its own unique way. READ MORE >>
Monday, February 6, 2017It is not always clear when the line of misrepresentation or non-disclosure on the Lawyers Professional Liability Insurance application crosses the line between having a specific claim denied to having the coverage rescinded. READ MORE >>
Friday, December 16, 2016The declarations page outlines the key elements of your malpractice insurance coverage (LPL). Even though there is no standard LPL policy at a bare minimum checking the items listed below is essential. If you read nothing else, read your declarations page. Key items to review are: 1. READ MORE >>
Friday, December 9, 2016Insurance policies can lapse either through 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, November 8, 2016When you have an insurance policy, it's easy to get complacent. You have your coverage, you're used to paying your premiums. But being complacent isn't good when it comes to your insurance policies. Failure to shop yearly could mean leaving a lot of money on the table for you and your firm. READ MORE >>
Monday, October 31, 2016As the law firms try to address their costs by avoiding hiring new associate attorneys many firms have turned to hiring contract attorneys either on a short or long term basis. This has advantages to the law firm by being able to take on more legal work without having to permanently increase its fixed costs. READ MORE >>
Tuesday, October 18, 2016All Lawyers Professional Liability Insurance policies sold in the USA are claims made policies. This continues to be an issue that comes up time and again with attorneys that falsely believe if they let their coverage lapse that past acts will be covered by the lapsed Attorney Malpractice Insurance Policy. READ MORE >>
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