L Squared Insurance Agency Blog: malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
Monday, July 30, 2018Notice the title states avoiding not preventing attorney malpractice claims. Every attorney I know complains about the rising cost of attorney malpractice insurance. This is especially true for the attorneys that started practice in the 70’s and 80’s. READ MORE >>
Friday, July 27, 2018In the New Jersey case of Sheppard v Lentz the plaintiff had alleged that Attorney Perskie negligently referred a traffic personal injury case to Attorney Lentz. Perskie had determined that he had a conflict of interest prior to taking Sheppard on as a client and referred the case to Lentz. READ MORE >>
Tuesday, July 24, 2018The best attorney in the world can still end up with an attorney malpractice claim by taking the wrong client or case. Every firm needs to have a client intake procedure that they use for every new client and case. It is best to have a written plan that everyone in the firm follows. READ MORE >>
Thursday, July 12, 2018Everyone wants an accurate attorney malpractice insurance quote. Remember it is not just the premium quoted that matters, but the coverage provided by that quote. No one wants a low premium that does not provide the proper insurance coverage. READ MORE >>
Wednesday, July 11, 2018We have actually helped law firms that were carrying 2 or 3 legal malpractice insurance policies because the malpractice insurers they had written with were only licensed in one state. In many cases the premiums were cut in half once the firm was written on one policy. READ MORE >>
Tuesday, July 10, 2018Many an attorney has commented when completing the malpractice insurance application that they refer out or case share cases that they normally do not handle. While a referral or sharing a case can be in the best interest of the law firm and client be cautious about making sure you document the relationship. READ MORE >>
Thursday, June 7, 2018You report a malpractice claim now the insurer sends a Reservation of Rights Letter (ROR). Don’t panic this does not mean that the insurer is about to deny your claim. An ROR is a standard procedure for most malpractice claims departments. READ MORE >>
Thursday, May 31, 2018We have discussed a number of issues with Extended Reporting Period Endorsements (ERP or Tail) recently. One that does not come up often is the remaining ERP policy limit. Remember that an ERP is attached to the last inforce policy. READ MORE >>
Friday, May 25, 2018A number of years ago a law firm was being non-renewed by their current attorney malpractice insurer because of claims severity and frequency. This meant that it was prohibitively expensive to find a replacement attorney malpractice Insurance policy that covered their prior acts. READ MORE >>
Wednesday, May 23, 2018Attorneys are very intelligent creative people who sometimes do dumb things. Attorney Malpractice Extended Reporting Period Endorsements (ERP or Tail) are expensive. Some firms have gone to great lengths to figure out ways to avoid buying an ERP to save money. READ MORE >>
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