L Squared Insurance Agency Blog: coverage
View the latest blog posts from L Squared Insurance Agency.
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 >>
Thursday, June 16, 2022Your 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 stop your coverage if there is a lack of full disclosure or mis-disclosure. READ MORE >>
Wednesday, June 1, 2022Here are examples of past cyber claims: 1. Your client is about to close on a business deal that you and the client have been working on months. The money transfer is scheduled by close of business on Friday. Unbeknownst to you and your client, months ago cyber-criminals hacked your client’s e-mail. READ MORE >>
Thursday, April 28, 2022Attorneys can easily misunderstand what is and is not covered when a firm has an ‘Of Counsel’ attorney working for them. Attorneys continue to construct ‘creative’ relationships for attorney malpractice coverage under this mistaken belief. Believing something versus having coverage are two different things. READ MORE >>
Thursday, March 31, 2022Prior acts along with a ‘claims-made’ policy form are two of the most misunderstood concepts with professional liability insurance. It is a shame, as this misunderstanding costs professionals millions of dollars in coverage every year. READ MORE >>
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