L Squared Insurance Agency Blog: legal
View the latest blog posts from L Squared Insurance Agency.
Thursday, April 7, 2022A legal malpractice claims-made insurance error policy 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. The different prior acts types address specific coverage needs: 1. READ MORE >>
Tuesday, August 25, 2020To the dismay of insureds, there is no such thing as an ‘All Risk’ insurance policy. If you have an insurance agent tell you that this is an ‘All Risk’ policy with everything covered run do not walk to the nearest exit. Case in point is the insured v insured exclusion in a legal malpractice policy. READ MORE >>
Thursday, November 21, 2019Michigan is joining the many states that allow the sale of recreational marijuana. Lawyers are busy getting these businesses up and running. A frequent question from lawyers is: “Will my malpractice policy cover me for this work?”. READ MORE >>
Friday, July 26, 2019Today’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 >>
Thursday, June 13, 2019A common administrative error that causes many attorney malpractice claims involves statute of limitations issues. By one estimate at least 1 in 5 attorney malpractice claims involves a statute of limitations being missed. While determining the statute of limitation in a given state is relatively easy. READ MORE >>
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 >>
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