L Squared Insurance Agency Blog: coverage
View the latest blog posts from L Squared Insurance Agency.
Wednesday, March 23, 2022It depends. Just because an insurer stops writing malpractice insurance does not invalidate the Extended Reporting Period Endorsement (Tail or ERP). The issued ERP remains in force from an admitted insurer. As the years go an insurer may merge, sell, liquidated, or go completely out of business. READ MORE >>
Thursday, January 20, 2022General liability insurance protects companies from claims of loss from third parties. It may cover a variety of injuries or property damage. It usually does not provide coverage for employee injury or loss. However, your employees can be a key reason why you have to file this type of business insurance claim. READ MORE >>
Tuesday, November 16, 2021Business interruption insurance coverage is an essential coverage needed by all businesses. It is common that the costs of restoring a business’s operations can easily exceed the actual cost of repairing the damage that caused the business interruption. If the firm’s building has a fire, it can take months to repair the building. READ MORE >>
Thursday, October 14, 2021Letting your Attorney Malpractice insurance lapse has consequences. Attorneys sometimes see the ‘Automatic’ Extended Reporting Period Endorsement section in many malpractice policies and think this is a grace period. READ MORE >>
Wednesday, October 6, 2021This is the time of year that many businesses put their affairs in order. Insurance agencies are not much different from every other type of business. At the end of the day, a well-managed business helps improve customer satisfaction and security. Most insurance agencies make heavy use of computer systems in their day-to-day business. READ MORE >>
Wednesday, September 29, 2021As law firms evolve so should their insurance coverage. Not every malpractice insurance policy is a good fit for every firm. The proper firm coverage needed 3 years ago, may not be the coverage that the firm needs today. Neglecting a periodic review of your firm’s insurance needs can be costly. READ MORE >>
Monday, September 20, 2021Without proper attention during the dissolving and forming of law firms with legal malpractice claims-made insurance policies can cost coverage. Understand the need for making sure that past acts are covered. While purchasing an extended reporting period endorsement (ERP) can be costly, it is often the best way for covering an attorney’s past acts. READ MORE >>
Wednesday, September 8, 2021Workers compensation insurance helps give you the financial protection against medical bills and lost time at work should an employee be injured on the job. However, the right business insurance provider can not only help cover those costs, but can also help to minimize the risk of injury at your workplace. READ MORE >>
Friday, August 13, 2021General liability insurance is a type of policy you may hear frequently when starting or running a business because it covers a lot of the common accidents that may occur on your business’ property. Say someone comes into your shop and slips and falls. They break their ankle and decide to sue. READ MORE >>
Thursday, July 22, 2021We often tell insured how important prior acts coverage is, but what does it cover? Attorney malpractice insurance is written on a ‘Claims-made’ policy form. ‘Claims-made’ coverage in its purest form only provides coverage for covered acts that that occurred and were reported during the policy period. READ MORE >>
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