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Home > Blog > L Squared Insurance Agency Blog: legal liability insurance
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L Squared Insurance Agency Blog: legal liability insurance

View the latest blog posts from L Squared Insurance Agency.

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Friday, July 26, 2019

Attorney Office Sharing If It Walks Like a Duck Looks Like a Duck It’s a Duck

Today’s virtual society has changed how attorneys operate.  The law firm’s files can be somewhere in the clouds.  This allows easy access just about anywhere and eliminates law libraries, file cabinets and large amounts of physical storage. READ MORE >>

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Tuesday, June 11, 2019

Attorney Malpractice Practice Area Claims Impact the Cost of Malpractice Insurance

The general public commonly believes that attorneys rarely get sued.  By one estimate 1 in 20 private practice attorneys face a legal malpractice claim each year.  Other estimates are that a private practice attorney can face 3 malpractice claims during their careers. READ MORE >>

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Friday, May 17, 2019

Read now or pay later avoid attorney malpractice blown statute of limitation claims

Avoid flying into a mountain.  One of the more preventable attorney malpractice claims is a statute of limitations claim.  Initial steps at client intake can help avoid or minimize your risk of being sued. First determine if the firm is bumping up against statutes of limitation issues. READ MORE >>

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Wednesday, May 15, 2019

Understand your Attorney Malpractice Insurance Policy’s Subpoena Assistance

If you receive a subpoena for information or to testify take a deep breath and then notify your malpractice insurer.  Even though this is a benefit in many policies it is a 2-edge sword.  Responding to the subpoena without notifying your insurer could down the road lead to a malpractice claim’s denial for prior knowledge. READ MORE >>

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Thursday, April 4, 2019

Can I get a short term Attorney Malpractice Policy?

An attorney can be in between jobs and wants coverage until their next job comes along. That attorney wants legal malpractice protection.  With frequency we get asked about short terms attorney malpractice policies, this is that recently asked question: From Attorney: READ MORE >>

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Tuesday, March 19, 2019

Attorney Malpractice Excess Professional Liability Insurance Coverage

We are frequently asked why a Commercial Umbrella Insurance policy cannot be used to increase liability limits for their attorney malpractice exposure.  The simple answer is that a Commercial or Personal Umbrella Insurance policy specifically excludes coverage for work done by an attorney. READ MORE >>

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Tuesday, February 12, 2019

Prior Acts Types for Accountants and Attorneys Malpractice Insurance

Accountants Errors & Omissions and Attorney Malpractice insurance policies may have a Firm Prior Acts Date, an Individual Prior Acts Date, a Career Coverage Prior Acts Date and/or Predecessor Firm Prior Acts Date. Each can be used to address specific coverage needs: 1. READ MORE >>

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Wednesday, January 23, 2019

Why do you need Prior Acts with Claims-Made Insurance?

Brief background Most property & casualty insurance policies are occurrence policies.  Your personal auto, homeowners and business owners policies are good examples of an occurrence policy.  With an occurrence policy, the policy that is on the risk at the time that a covered act &l... READ MORE >>

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Tuesday, September 11, 2018

Mr. Social Security aka Disgraced Attorney Eric Conn gets an Additional 15 Years

On September 7, 2018, Eric Conn (also known as Mr. Social Security) received an additional 15 years for his fleeing to Honduras after pleading guilty to defrauding the government out of over $500 Million of social security benefits.  He now is sentenced to 27 years in prison and should serve a minimum of 22 years. READ MORE >>

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Thursday, August 16, 2018

When to Report a Legal Malpractice Claim or Incident

Most attorneys understand that if they have a malpractice claim made against them or a lawsuit filed that they need to notify their insurer immediately.  But it is also important for the attorney to know when they should or should not put their malpractice insurer on notice. READ MORE >>

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