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L Squared Insurance Agency Blog: legal malpractice

View the latest blog posts from L Squared Insurance Agency.

I hate this discussion with attorneys.  As with many things in life there is no right answer.  Everyone likes ‘free’.  But ‘free’ does not always mean that there are no strings attached.   Attorney Malpractice Insurance for solo practitioners ‘free’ retirement tail can be a great benefit. READ MORE >>

Request from our Client: Need to add a temporary increased limits ‘rider’ to my Attorney Malpractice Insurance Policy to cover a large real estate deal for a client. Response: The term “rider” is normally associated with life and health insurance policies. READ MORE >>

Risk Management Tip from Travelers Insurance March 2018 News Letter: Steps to Take at the Inception of Each Client Engagement to Avoid a Malpractice Claim Any client who is unhappy with a law firm’s representation is a potential plaintiff in a subsequent legal malpractice action. READ MORE >>

Question from Client: Is this Attorney Malpractice Insurance Policy Extended Reporting Period Endorsement (ERP or Tail) Full Prior Acts? Response: A common misconception is that there is a separate policy issued once an ERP is purchased on for an attorney malpractice insurance policy.  This is not the case. READ MORE >>

Even though the insurer is no longer writing malpractice insurance the coverage for an issued Extended Reporting Period Endorsement (Tail or ERP) remains in force.  With this stated, as the years go by your insurer could have merged, been sold, liquidated or gone completely out of business. READ MORE >>

Recent Article in the ABA Journal.  Certainly a different way to market for new clients. Some lawyers are irked by attorney's fake bar associations BY DEBRA CASSENS WEISS A Louisville lawyer is creating some bar associations on paper that have no actual members. READ MORE >>

A common misconception for law firms is when does the Attorney Malpractice Insurance policy coverage end once an attorney leaves?    Some firm’s rationalize that the Attorney Malpractice coverage for an attorney continues until the end of the policy term because it is paid for. READ MORE >>

This may be a misunderstood concept for claims-made insureds or just wishful thinking.  Just because an insured has a claims-made policy at the time that a claim is reported does not mean that there will be coverage for that claim.  READ MORE >>

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