L Squared Insurance Agency Blog: liability limits
View the latest blog posts from L Squared Insurance Agency.
Monday, April 9, 2018As a law firm evolves through the years, its insurance needs may change. Changes in a firm’s practice areas and clients might require different liability insurance limits than the firm required in the past. Raising policy limits to meet a law firms needs causes no coverage issues. READ MORE >>
Tuesday, April 3, 2018Attorney Malpractice Insurers cap their exposure to losses through a variety of means. One is by limiting the limits an insurer will post for a single law firm. All attorney malpractice Insurers carry reinsurance helping to limit their exposure to “shock” losses. READ MORE >>
Monday, January 15, 2018As reported in the Insurance Journal, this is an example of why it is difficult to give a definitive answer about how much professional liability insurance coverage you need. Granted this is an extreme example but $214 millions attorney malpractice suits do happen. READ MORE >>
Thursday, April 14, 2016Lawyers Professional Liability Insurance companies cap their exposure to losses through a variety of means. One is by limiting the limits the carrier will post for one firm. All Lawyers Professional Liability Insurance companies have reinsurance which also limits their exposure to “shock” losses. READ MORE >>
Tuesday, April 5, 2016What professional liability limits should a firm carry is a frequently asked question. It is one of the hardest questions for an insurance agent/broker to answer for a law firm. The broker simply does not know your law practice well enough to give more than a ballpark of needed limits. READ MORE >>
Friday, April 1, 2016Request from our Client: Need to add a rider to our Lawyers Professional Liability Insurance Policy to increase my limits to cover a large real estate deal for a client. Response: The term “rider” is normally associated with life insurance and health insurance policies. READ MORE >>