L Squared Insurance Agency Blog: lawyers professional liability
View the latest blog posts from L Squared Insurance Agency.
Monday, February 27, 2017What is an Innocent Insured and where is that clause in my policy continues to be one of the most asked questions. It is also a clause that has promoted countless amounts of litigation. Deliberate or illegal acts are normally not insurable either by rule of law or the insurance language in a particular policy. READ MORE >>
Friday, February 24, 2017About 2 weeks ago we blogged (Attorney Malpractice--Marijuana and the practice of law) about the Federal Government starting to enforce Federal Drug Laws when it comes to Marijuana use. This just in from USA TODAY: Cannabis industry roiled by White House comments on enforcement: READ MORE >>
Thursday, February 23, 2017We get this request frequently. A law firm’s practice has changed. They are no longer doing the big time plaintiff cases or the mergers and acquisition work. They are looking to cut costs. One of the Law Firm’s larger expenses is Attorney Malpractice Insurance. READ MORE >>
Wednesday, February 22, 2017 For Lawyers Professional Liability Insurance, there is not common meaning to the terms. “Full Prior Acts” is a term that is often misunderstood and changes from carrier to carrier as to what it means. Each Attorney Malpractice policy defines the terms used in the policy in its own unique way. READ MORE >>
Tuesday, February 21, 2017The Financial Crisis and Great Recession had its roots in a number of major problems. One of those was Real Estate. Many Home Equity Loans that were over 100% of equity in the house value. Lenders were willing to lend up to and in some cases over the value of a home. READ MORE >>
Monday, February 20, 2017Markel Insurance Company wrote an attorney malpractice policy for Las Vegas attorney Robert Graham in 2015. According to Markel the Law Firm’s application stated that they knew of no circumstances, situation, act, error or omission that could lead to a claim against the firm, even tho... READ MORE >>
Friday, February 17, 2017Recently Blogged about the American Bar Association (ABA) Hours of Delegates voting to approve model rules requiring that attorneys complete one hour of substance abuse and mental health education every 3 years. Many attorneys work to a large extent by themselves and unlike many other professions can have very little support group to help them with the daily stresses of life. READ MORE >>
Thursday, February 16, 2017The world has changed in the past few years. All of us think nothing about tweeting or posting about what we did, what we saw, what we ate or how we feel almost as soon as it happens. Sometimes if makes us feel good to air publicly arguments or disagreements when we perceive that we were treated unfairly. READ MORE >>
Wednesday, February 15, 2017The legal profession is one of the most stressed groups of professionals. The stress starts with law school and continues into practice. A study by Davenee Foundation on Lawyers & Depression shows how serious an issue this is. It states that attorneys rank 5th in an incidents of suicide by occupation. READ MORE >>
Monday, February 13, 2017With the new Attorney General Jeff Sessions and administration promising to be tough on drugs and crime it should be interesting to see how the federal government treats Marijuana Law. Remember that even though it may be legal in your state, it is still a federal crime to possess or use marijuana. READ MORE >>
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