L Squared Insurance Agency Blog: lawyers professional liability
View the latest blog posts from L Squared Insurance Agency.
Friday, February 10, 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. Remember that even though it may be legal in your state, it is still a federal crime to possess or use marijuana. READ MORE >>
Thursday, February 9, 2017One of the leading causes of lawyers professional liability insurance claims are conflicts of interest. Beyond representing both parties in a proceeding such as a divorce, there are many hidden conflicts that can cause law firms problems. Not finding conflicts can lead to loss of clients, loss of fees, disciplinary issues and attorney malpractice claims. READ MORE >>
Wednesday, February 8, 2017Blowing a statute of limitation or a deadline is the quickest way to turn your client problem into the attorney’s problem. This is one of the most common preventable errors that can be counted on to turn into an attorney malpractice claim. READ MORE >>
Monday, February 6, 2017It is not always clear when the line of misrepresentation or non-disclosure on the Lawyers Professional Liability Insurance application crosses the line between having a specific claim denied to having the coverage rescinded. READ MORE >>
Wednesday, February 1, 2017CEOL stands for Claims Expenses Outside the Limits. The purpose of CEOL is to provide a separate limit of liability claims expenses to help preserve the primary limit of liability. The other Lawyers Professional Liability Insurance Policy option is Claims Expenses Inside the limits (CEIL). READ MORE >>
Tuesday, January 31, 2017Most lawyers professional liability insurance carriers require a backup attorney or they will not issue a policy for a solo practitioner. Frequently the solo attorney will ask why this is a requirement. The solo attorney protests that that they do not need a backup attorney as they do not have court appearances to be covered or filing deadlines. READ MORE >>
Monday, January 30, 2017About a week ago, I learned a new term, “Alternative Facts”. Not sure what the difference is between Alternative Facts and a lie is. But while it appears that the President of the United States can use “Alternative Facts”, lawyers must abide by a code of ethics. READ MORE >>
Friday, January 27, 2017An interesting phenomenon with increasing frequency is the Virtual Law Office. In some cases the attorney is licensed in multiple states and in other cases the attorney is licensed in only their home state. The thinking goes that by extending their practice into several states the attorney can expand their practice and increase their appeal to prospective clients. READ MORE >>
Thursday, January 26, 2017Crowdfunding has become an alternative source of funds for many entities trying to raise capital. The SEC has come out with rules that allow for entities to crowdfund under certain circumstances. So the question naturally arises what about a new in practice attorney trying to start up their own practice. READ MORE >>
Thursday, January 12, 2017As an insurance agency the specializes in Lawyers Professional Liability Insurance it is interesting to see some of the claims that come in, where the attorney should have known better and/or supervised their staff better. READ MORE >>
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