L Squared Insurance Agency Blog: legal liability
View the latest blog posts from L Squared Insurance Agency.
Tuesday, June 11, 2019 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 >>
Friday, May 17, 2019Avoid 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 >>
Wednesday, May 15, 2019 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 >>
Wednesday, April 17, 2019 2019 Webinar Series for Accounting Professionals A Risk Management Resource for Accounting Professionals READ MORE >>
Thursday, April 4, 2019An 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 >>
Tuesday, March 19, 2019We 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 >>
Monday, March 4, 2019March 1, 2019 By Robert M Buchholz and Terrence P McAvoy Hinshaw & Culbertson LLC Lawyers for the Profession® Arch Ins. Co. v. Kubicki Draper, LLP, 2019 Fla. App. LEXIS 886 (Fla. Dist. Ct. App. Jan. 23, 2019) Brief Summary READ MORE >>
Thursday, February 28, 2019Over the years we have run into this coverage problem that unknowingly creates a lack of coverage for an attorney. Just like a sleeping baby, no one screams until the baby is awakened. A multi-member law firm has a tenant attorney staying in their office space. READ MORE >>
Thursday, February 28, 2019With law firms trying to reduce their costs by avoiding hiring new associate attorneys many firms have turned to hiring contract or appearance attorneys either on a short- or long-term basis. This allows the law firm to take on more legal work without having to permanently increase its fixed costs. READ MORE >>
Monday, February 25, 2019Many an attorney is frustrated when they first breach the subject of using the “free” non-practicing Extended Reporting Period Endorsement (ERP or Tail) with their Attorney Malpractice Agent. If the agent tells them the cold “truth”, it can change the attorney’s plans about how and when to retire. READ MORE >>
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