L Squared Insurance Agency Blog: malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
Monday, March 21, 2016It is not possible to write a new policy to cover a suspended attorney with a Lawyers Professional Liability Insurance policy. Most policies have an outright exclusion for a suspended attorney. Although some Lawyer Professional Liability Insurance Carriers will permit the covera... READ MORE >>
Friday, March 18, 2016Law firms designate the completion on the Lawyers Professional Liability application to many different people. This varies from the Managing Partner to the beginning associate or newest clerk in the office. 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 >>
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 >>
Friday, March 4, 2016This tip brought to you with the permission of Attorney Protective. While intentions are usually good, procedures can be forgotten when the pace picks up at the office. Routine audits can help assure that procedures are consistently followed. Another tool that can aid consistency is an intake checklist that everyone follows. READ MORE >>
Wednesday, August 7, 2013What should you do when your malpractice insurer won’t renew your policy? I think it’s safe to say that most highly educated professionals, such as lawyers, doctors, accountants, and engineers, have “Type A” personalities. Most of us are hard-working, driven, perfectionists, who strive to do the best we can for our clients. 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 >>
Wednesday, July 24, 2013One of the most difficult concepts for purchasers of professional liability insurance to grasp is the meaning of “prior acts coverage” and “claims-made policies." As the case of Christ Academy v. READ MORE >>
Wednesday, July 17, 2013Law firms need to reapply for legal malpractice insurance every year. And on every application, whether it be for new business or a renewal policy, the law firm must answer questions about its client billings. Typical questions are: •How many times have you sued a client for fees in the past 5 years? READ MORE >>
Wednesday, July 10, 2013Most defense attorneys enjoy relatively lower premiums for malpractice insurance. That’s because they are not as often the targets of lawsuits as their colleagues who represent plaintiffs. Lawsuits against plaintiffs’ attorneys are usually the result of a missed statute of limitations. READ MORE >>
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