L Squared Insurance Agency Blog: loss only deductible
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Tuesday, June 5, 2018Who wouldn’t want a legal malpractice insurance policy that wiped out the deductible? To make doubly sure that you never have to pay a deductible, why not have an policy that has a zero dollar deductible and 1st dollar defense. This is why you cannot have both. READ MORE >>
Tuesday, October 10, 2017In the case of Maroulis v Friedman, Maroulis retained Attorney Friedman in a divorce proceeding in June of 2010. In November 2011 Maroulis dismissed attorney Friedman and hired another law firm. In July 2012, Maroulis settled the divorce action. In October 2014, Maroulis sued Friedman for malpractice and emotional distress. READ MORE >>
Monday, May 23, 20161st dollar defense (FDD) is sometimes called a Loss Only Deducible. What ever the name the meaning is the same. Certain professional liability insurers for attorneys and accountants offer this coverage. With FDD the insured is only responsible for the deductible if there is an indemnity payment required on the claim. READ MORE >>