L Squared Insurance Agency Blog: liability
View the latest blog posts from L Squared Insurance Agency.
Monday, September 10, 2018Attorney Malpractice insurers find that the use of non-engagement /disengagement letters reduce legal malpractice insurance claims. Insurers have defended and paid on claims where the client alleges that the law firm was still representing them when the law firm thought they were no longer ... READ MORE >>
Friday, September 7, 2018Engagement letters confirm the representation’s scope setting forth the parties’ responsibilities, billing rates/contingency agreements and expense costs. Engagement letters discuss the scope and limits of the firm’s representation. The engagement letter memorializes the bounds of the firm’s actual representation. READ MORE >>
Thursday, September 6, 2018Travelers Insurance has developed a ‘Pressure Test’ for your Cyber Risk. Once completed the site provides many helpful hints for managing the Cyber Risk. To take the test click on: Cyber Security Pressure Test If you want help with your Cyber Insurance needs, please contact L Squared Insurance Agency. READ MORE >>
Thursday, September 6, 2018 2018 Webinar Series for Legal Professionals Cybersecurity and the Future of Legal Malpractice Claims A Risk Management Resource for Legal Professionals READ MORE >>
Thursday, September 6, 2018A recent blog, Computer Fraud Insurance in the Cyberage, about courts supporting insurers in denying coverage for cybercrimes that did not originate with through ‘direct’ use of a computer should cause insureds to look closely at their cyber insurance coverage. READ MORE >>
Wednesday, August 29, 2018Many Law Firms carry large balances in Escrow Trust and IOLTA accounts. What would happen if those funds disappear? Law firms may rely on a “trusted” employee to manage the funds, balance the accounts, deposit funds and write checks. Unfortunately this “trusted” employee is a leading cause of loss. READ MORE >>
Tuesday, August 28, 2018You're approached at an informal gathering about a legal matter that a friend has. Giving informal legal advice to friends or family is like looking down the barrel of a gun to see if it is loaded. It can be tempting at a party or family event, but it could be harmful to both yourself and the receiver of the advice. READ MORE >>
Monday, August 27, 2018Per a recent ABA article, Texas US District Judge Biery has a number of unique approaches to getting attorneys attention. They include: 1. Warning of no 'Rambo' tactics or other forms of elementary school behavior in an August 14 order; 2. READ MORE >>
Friday, August 24, 2018The former finance administrator for the ABA’s Information Services department, Karen M Healy, was recently arrested for stealing nearing $1.3 million of cellphones and IPads that she ordered in the name of the ABA. READ MORE >>
Friday, August 24, 2018A leading cause of attorney malpractice claims is conflicts of interest. That little check box on the application can determine whether you get a preferred rate or even a malpractice quote from some insurers. Beyond representing both parties in a proceeding such as a divorce, there are many hidden conflicts that can cause problems for law firms. READ MORE >>
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