L Squared Insurance Agency Blog: malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
Wednesday, January 24, 2018Professional Liability Insurance policies are normally written on a ‘claims-made’ policy form. In its purest form, an unendorsed ‘claims-made’ policy only provides coverage for the current policy term for covered acts that occurred during and where the claim is made and reported during that policy term. READ MORE >>
Friday, January 19, 2018The purpose of a Risk Purchasing Group (RPG) was to allow like risks to be able to purchase liability insurance on a group basis. In 1981 Congress enacted the Products Liability Risk Retention Act that allowed for groups to be formed purchasing liability (casualty) insurance on a group basis. READ MORE >>
Friday, January 12, 2018Recently blogged that L Squared turned 15 in 2017. What you may not know is that L Squared is in 47 states and the District of Columbia. There are few independently owned professional liability agencies that can deliver the errors and omissions insurance for Accountants, Dentists, Lawyers and Title Agencies on a nationwide basis. READ MORE >>
Wednesday, January 10, 2018Yesterday’s blog dealt with a data breach that did not use a computer. There are many ways to compromise personal confidential information without a computer. This is a recent example of what can happen: As with many older law firms, this firm had too many client files for its actual office space. READ MORE >>
Tuesday, January 9, 2018 When people think of a data breach’s they often think of a cyber-criminal breaking into a computer system and stealing client/customer personal information. They are not all very high tech. This is an actual occurrence that recently happened: READ MORE >>
Thursday, December 21, 2017 Rescission of insurance coverage normally results from a material misrepresentation on the application for coverage. But what does this actually mean. There are a number of ways where issues come up that cause the malpractice insurer to want to get off of an exposure. READ MORE >>
Wednesday, December 20, 2017A recent article from The Dentons, “You’re Facing a Malpractice Claim; Don’t Make it a Bad Situation Worse”, gives advice on what to do after the mistake has been made. Every so often we have law firms that actually make things much worse. READ MORE >>
Tuesday, December 19, 2017 With Christmas just around the corner and New Year not far off, many law firms’ partners and staff are getting ready to have a few well-earned days off. Not to put a damper on the Xmas cheer, but many law firms’ also renew their attorney malpractice insurance at year end. READ MORE >>
Monday, December 18, 2017End of year is always an exciting time for professionals. For Accountants and Lawyers it can be the scariest of times. Many professionals make or execute career decisions at year. Some start out on a new journey as a solo practitioner. Others are forming new partnerships or joining existing partnerships. READ MORE >>
Thursday, December 14, 2017 Question coming with frequency from lawyers; “Does attorney malpractice insurance cover my ‘marijuana practice’?” The short answer to this question is there is no specific exclusion in almost all lawyer’s professional liability insurance policies for a ‘marijuana practice’. READ MORE >>
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