L Squared Insurance Agency Blog: lawyers professional liability
View the latest blog posts from L Squared Insurance Agency.
Wednesday, January 31, 2018This issue recently came up with a client who was trying to determine which insurer had ‘better’ coverage. As frequently happens the client went no further than the declarations page to come to a conclusion. There is no standard Professional Liability Insurance Policy. READ MORE >>
Friday, January 26, 2018A common misconception is that Attorney Malpractice Insurance coverage for a departing attorney continues until the end of the policy term because it is ‘paid for’. Once an attorney leaves a law firm their work after they leave the firm is not covered. READ MORE >>
Friday, January 26, 2018When one attorney in a law firm wants increased attorney malpractice limits but the other firm members do not want to pay the extra cost, what can the one attorney do? It seems logical to allow one attorney to increase their policy limits. READ MORE >>
Thursday, January 25, 2018In speaking with malpractice insurers, what the insurers call ‘social media fraud’ in many cases is ‘The Friday Afternoon Fraud’. Insurers refer to it as a 'social media fraud' because cybercriminals lurk on social media looking for information that can be used in a hack. READ MORE >>
Tuesday, January 23, 2018Making a practice of suing clients for unpaid legal fees is like playing the lotto. The more you sue the greater your chances of getting a retaliatory malpractice claim or disciplinary complaint. An attorney will state, “I want to get paid for the work that I do, so why does my Lawyers Liability Insurance carrier care? READ MORE >>
Wednesday, January 17, 2018 Lawyers chose to go without malpractice insurance believing because they work for a small firm and maintain close relationships with their clients they are immune to claims. Other attorneys believe that the chances of them facing a claim aren’t great enough for them to purchase a Lawyers Liability Malpractice insurance policy. READ MORE >>
Monday, January 15, 2018As reported in the Insurance Journal, this is an example of why it is difficult to give a definitive answer about how much professional liability insurance coverage you need. Granted this is an extreme example but $214 millions attorney malpractice suits do happen. READ MORE >>
Friday, January 12, 2018Recently blogged that L Squared turned 15 in 2017. What you may not know is that L Squared is in 47 states and the District of Columbia. There are few independently owned professional liability agencies that can deliver the errors and omissions insurance for Accountants, Dentists, Lawyers and Title Agencies on a nationwide basis. READ MORE >>
Wednesday, January 10, 2018Yesterday’s blog dealt with a data breach that did not use a computer. There are many ways to compromise personal confidential information without a computer. This is a recent example of what can happen: As with many older law firms, this firm had too many client files for its actual office space. READ MORE >>
Friday, January 5, 2018 This is an important question if you expect your malpractice insurer to pay your malpractice claim. Not properly insuring the attorneys can cause a claim denial. Lawyers Professional Liability Insurance policies are normally written to cover the Law Firm. READ MORE >>
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