L Squared Insurance Agency Blog: liability
View the latest blog posts from L Squared Insurance Agency.
Thursday, March 17, 2016Thank you, Tracy. We use retainer agreements. Please define a non-engagement and disengagement letter and let me know how they are used. Thank you. I’ve pulled this information from http://www.nysba.org/ManagingYourPractice/ READ MORE >>
Wednesday, March 16, 2016Question from Attorney: I am a full time employee at a large company. I do an occasional will or trust on the side. Probably less than 5,000 a year in revenue. Is there a minimal coverage for that? Should I get coverage for when i did have a practice? I sold it in December 2014. READ MORE >>
Tuesday, March 15, 2016All Lawyers Professional Liability Insurance policies have exclusions to some extent for acting as a Director or Officer of an organization. Attorneys need to be careful when being asked to sit on a board or act as an Officer of an organization to not jeopardize coverage. READ MORE >>
Sunday, March 13, 2016Lawyers Professional Liability Insurance (LPL) and Accountants Professional Liability (APL) Insurance claims made coverage ends at the policy/coverage termination. Lawyers Professional Liability Insurance Policies (LPL&APL) are generally written for the firm and coverage extents from the firm READ MORE >>
Wednesday, March 9, 2016What can be done about Data Breach or a Cyber Attach? Prevention is always the best medicine: 1. Training employees on the proper methods for handling the devices, passwords and how to use the internet and cloud. 2. Keeping current with operating systems and application software updates READ MORE >>
Wednesday, March 9, 2016How Does a Data Breach or Cyber Attack happen? Many data breaches are not very high tech: 1. With the use of tablets, laptops, smart phones, and thumb/flash drives by much organization, simply losing or having these devices stolen can open up your entire treasure trove of protected data. READ MORE >>
Wednesday, March 9, 2016The Problem with Cyber Liability & Data Breach: Wouldn’t be nice to go back to the good old days where all of your firm’s information was within the four walls of your office or warehouse. You could protect it from the outside world with locks, keys, and guard dogs. READ MORE >>
Tuesday, October 27, 2015Most professional liability insurance policies have a Retro Active date or Prior Acts date, few have Full Prior Acts or FPA. Full Prior acts is a type of claims-made liability policy that does not contain a retroactive date and therefore covers claims arising from acts that took place at any time prior — regardless of how far in the past. READ MORE >>
Monday, August 19, 2013Exploring Your Options for Lawyers' Malpractice Insurance? Make sure you compare the coverage – and not just the price. When shopping for Lawyers Professional Liability insurance, or any other type of Errors & Omissions coverage, premium is an important consideration. READ MORE >>
Wednesday, July 31, 2013The lawsuit by Christ Academy against Hermes Sargent Bates was only recently filed. Assuming the firm has adequate insurance limits, and there are no coverage disputes with the carrier, the insurance company will likely move quickly to control defense expenses and damages. READ MORE >>
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