L Squared Insurance Agency Blog: coverage
View the latest blog posts from L Squared Insurance Agency.
Tuesday, May 17, 2016Question from Attorney: I am still looking at alternatives for renewing my attorney malpractice coverage and cannot get firm terms until I get Insurance Carrier Loss runs from my incumbent carrier. If I am a “few” days late renewing coverage is that going to be a problem? READ MORE >>
Friday, May 13, 2016Every year, year after year you are required to fill out a new application. It is enough to make you scream. Accountants and Attorney Malpractice Insurance carriers generally want an updated application every year. Business Owners, Workers Compensation and Commercial Auto insurance carriers generally renew each year without an application. READ MORE >>
Wednesday, May 4, 2016Many Law Firms are reluctant to report claims made against them. Many times the Law Firm feels that the Lawyer Liability Claim is small and they can cover it themselves and it will help their insurance history, thereby keeping their Lawyers Malpractice Insurance premiums low. READ MORE >>
Monday, April 18, 2016Lawyers Professional Liability Insurance policies are written on a “Claims Made” or “Claims Made and Reported Form” policy form. This is unlike an “occurrence” policy in many ways. READ MORE >>
Friday, April 8, 2016A Lawyers Liability Policy is a “claims made” insurance policy. Once coverage ceases, so does your coverage for your past acts. This is unlike an “occurrence” policy, such as a Business Owners Policy, where if you let the coverage lapse for a few days and start... READ MORE >>
Monday, April 4, 2016If your 2 person law firm is splitting up and each going separate ways, the best approach for the firm is to Purchase an Extended Reporting Period Endorsement (ERP/Tail) at the time the split occurs. The ERP is made part of your last Lawyers Professional Liability Policy extending the reporting period for the number of years purchased. READ MORE >>
Wednesday, March 23, 2016Disciplinary Coverage is an additional coverage found on most admitted and some non-admitted Lawyers Professional Liability Insurance policies. Some Lawyers Professional Liability Insurance carrier’s policies that do not offer this coverage are willing to endorse this coverage on if requested. READ MORE >>
Wednesday, March 16, 2016Question from Attorney: I am a full time employee at a large company. I do an occasional will or trust on the side. Probably less than 5,000 a year in revenue. Is there a minimal coverage for that? Should I get coverage for when i did have a practice? I sold it in December 2014. READ MORE >>
Sunday, March 13, 2016Lawyers Professional Liability Insurance (LPL) and Accountants Professional Liability (APL) Insurance claims made coverage ends at the policy/coverage termination. Lawyers Professional Liability Insurance Policies (LPL&APL) are generally written for the firm and coverage extents from the firm READ MORE >>
Monday, August 19, 2013Exploring Your Options for Lawyers' Malpractice Insurance? Make sure you compare the coverage – and not just the price. When shopping for Lawyers Professional Liability insurance, or any other type of Errors & Omissions coverage, premium is an important consideration. READ MORE >>
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