L Squared Insurance Agency Blog: liability
View the latest blog posts from L Squared Insurance Agency.
Tuesday, June 1, 2021When you buy a liability insurance policy for your business, you are protecting yourself in case you make mistakes that harm others. Because these mistakes might be your fault, you could have a legal responsibility to repay those affected by the problem. Liability insurance is the coverage that helps you do so. READ MORE >>
Wednesday, May 19, 2021Many people believe that large companies face the greatest cyber liability risks—a belief that’s reaffirmed each time a major corporation’s data breach makes headlines. But, it’s actually startups and small businesses that are the most vulnerable. Why? READ MORE >>
Thursday, May 6, 2021Contractual Liability is a common attorney malpractice policy exclusion. As there is not a common policy form this ‘exclusion’ may or may not be found in the policy exclusion section. The different exclusion wording appears in many different policy form sections. READ MORE >>
Tuesday, March 16, 2021 No small business is immune to financial risks, and one of these might be the risk of a lawsuit lodged by a customer or other party who blames the business for harm they sustained. At this point, you might have a legal obligation to compensate someone affected by your mistakes. 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 >>
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 >>
Friday, May 3, 2019Occasionally we get a client that attempts to bind the insurer to a contract that the insured firm has signed in hopes that the insurer will be bound to that contract. This is where the Contractual Liability Concept comes into play. Basically, an insured cannot bind an insurer to the terms of a 3rd party contract. READ MORE >>
Wednesday, April 17, 2019 2019 Webinar Series for Accounting Professionals A Risk Management Resource for Accounting Professionals READ MORE >>
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