L Squared Insurance Agency Blog: legal liability
View the latest blog posts from L Squared Insurance Agency.
Tuesday, July 10, 2018Many an attorney has commented when completing the malpractice insurance application that they refer out or case share cases that they normally do not handle. While a referral or sharing a case can be in the best interest of the law firm and client be cautious about making sure you document the relationship. READ MORE >>
Friday, July 6, 2018Many attorneys are surprised to find that attorney malpractice insurance policies have a deductible. The deductible may be mandated by the underwriter to address small frequent claims or chosen by the insured to reduce premiums or claim costs. READ MORE >>
Thursday, June 7, 2018You report a malpractice claim now the insurer sends a Reservation of Rights Letter (ROR). Don’t panic this does not mean that the insurer is about to deny your claim. An ROR is a standard procedure for most malpractice claims departments. READ MORE >>
Wednesday, May 23, 2018Attorneys are very intelligent creative people who sometimes do dumb things. Attorney Malpractice Extended Reporting Period Endorsements (ERP or Tail) are expensive. Some firms have gone to great lengths to figure out ways to avoid buying an ERP to save money. READ MORE >>
Friday, September 16, 2016Please see the answers to your questions below. I know that this can be frustrating, but the extended reporting period provisions of any carrier’s lawyers professional liability insurance are an area that no insurance carrier will modify. READ MORE >>
Thursday, September 15, 2016As we go through the year, many attorneys that had been with National Union (AIG) for the attorney malpractice had stayed with them to take advantage of the “free” Non-practicing Extended Reporting Period Endorsement (ERP). READ MORE >>
Saturday, September 3, 2016Every month or so we have a Law Firm that we insure that has hired a Suspended Attorney, one that was recently suspended or had other disciplinary actions. While it is the firm’s prerogative to hire anyone they want, they should know about the disciplinary actions prior to making an offer. READ MORE >>
Wednesday, August 31, 2016In the case of Westport Insurance v Mylonas, the attorney finds out true cost of not buying high enough Attorney Malpractice Liability Insurance Limits. First the Pennsylvania State court stated that coverage was limited to $500,000 in 2015. Now the US District Court of Pennsylvania has affirmed that decision on summary judgement. READ MORE >>
Monday, August 29, 2016It is not always in the best interests of a solo attorney to switch attorney malpractice insurance carriers if they are close to retirement. The savings of a couple of hundred dollars could cost them thousands of dollars later. See below for the attorney's inquiry and L Squared's response: READ MORE >>
Friday, August 26, 2016We work with many distressed firms to place Lawyers Professional Liability Insurance Coverage. Most of the time the firm is in the distressed or surplus lines market because of claims. Distressed firms depending how much work they are willing to put into the disclosing claims informat... READ MORE >>
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