L Squared Insurance Agency Blog: lawyers professional liability
View the latest blog posts from L Squared Insurance Agency.
Monday, March 19, 2018Attorney Malpractice Insurance Policies are written on a ‘claims-made’ policy form. A claims-made policy form requires that the covered act must be reported (claim made) during the policy period or during the extension of the reporting period (ERP/Tail). READ MORE >>
Wednesday, March 14, 2018What professional liability limits should a law firm carry is a frequently asked question. It’s difficult for an insurance agent/broker to answer. The broker simply does not know your law practice well enough. There is no set answer for a law firm. READ MORE >>
Tuesday, March 13, 2018Given the issues with claims-made insurance for attorney malpractice insurance thought and planning on how to handle the attorney malpractice exposure should start prior to the split. If your two person law firm is splitting up and each going separate ways, the best approach for the firm is... READ MORE >>
Tuesday, March 13, 2018It’s important to encourage your staff to improve client relationships whenever possible. Surprise your staff with gift cards or a catered lunch when you see them go above and beyond for a client, or if they consistently assist you with providing great client relations. READ MORE >>
Tuesday, March 13, 2018Claim Study: Failure to Investigate Client’s Potential Sources of Insurance Coverage Curiosity of Travelers Insurance Company One of the initial issues that a civil litigator retained to provide a defense should consider is whether the client has any insurance coverage that might be responsive to the claim or suit. READ MORE >>
Monday, March 12, 2018I hate this discussion with attorneys. As with many things in life there is no right answer. Everyone likes ‘free’. But ‘free’ does not always mean that there are no strings attached. Attorney Malpractice Insurance for solo practitioners ‘free’ retirement tail can be a great benefit. READ MORE >>
Tuesday, March 6, 2018Question from Client: Is this Attorney Malpractice Insurance Policy Extended Reporting Period Endorsement (ERP or Tail) Full Prior Acts? Response: A common misconception is that there is a separate policy issued once an ERP is purchased on for an attorney malpractice insurance policy. This is not the case. READ MORE >>
Monday, March 5, 2018Even though the insurer is no longer writing malpractice insurance the coverage for an issued Extended Reporting Period Endorsement (Tail or ERP) remains in force. With this stated, as the years go by your insurer could have merged, been sold, liquidated or gone completely out of business. READ MORE >>
Friday, March 2, 2018Recent Article in the ABA Journal. Certainly a different way to market for new clients. Some lawyers are irked by attorney's fake bar associations BY DEBRA CASSENS WEISS A Louisville lawyer is creating some bar associations on paper that have no actual members. READ MORE >>
Tuesday, February 27, 2018Disciplinary Coverage is an additional coverage found on most admitted and some non-admitted Attorney Malpractice Insurance policies. Some malpractice insurers that do not offer this coverage are willing to endorse it on if requested. READ MORE >>
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