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Home > Blog > L Squared Insurance Agency Blog: non-practicing erp
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L Squared Insurance Agency Blog: non-practicing erp

View the latest blog posts from L Squared Insurance Agency.

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Friday, August 12, 2022

Crum & Forster and the “Free” Attorney Malpractice Retirement Tail

With Crum & Forster (C&F) dropping its small firm Lawyer s Professional Liability Insurance what happens to the “Free” Retirement Tail? 1.       If C&F has issued the non-practicing extended reporting period endorsement (ERP) attached to your policy, then you have nothing to worry about. READ MORE >>

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Monday, February 25, 2019

Is an Attorney Malpractice Non-Practicing ‘Free’ ERP (Retirement Tail) Right for You?

Many an attorney is frustrated when they first breach the subject of using the “free” non-practicing Extended Reporting Period Endorsement (ERP or Tail) with their Attorney Malpractice Agent.  If the agent tells them the cold “truth”, it can change the attorney’s plans about how and when to retire. READ MORE >>

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Tuesday, February 19, 2019

A Free Non-Practicing Attorney Malpractice Tail (ERP) has Strings Attached

The conundrum some attorneys face is that after they retire, they really did not want to fully retire.  An old client or a new client comes along and wants the attorney to do some part-time legal work.  While a free non-practicing Extended Reporting Period Endorsement (ERP)Tail is a valuable endorsement, it can be made worthless. READ MORE >>

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Thursday, February 14, 2019

Attorneys Close to Retirement Don’t be Penny Wise and Pound Foolish

Have blogged about this before.  Attorney’s close to retirement having qualified for a free non-practicing ERP are shopping their malpractice insurance.  Saving a couple hundred dollars today could cost thousands tomorrow. READ MORE >>

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Thursday, December 27, 2018

Additional Questions Concerning Attorney Malpractice Insurance and a Retirement ERP

Please see the answers to your questions below each question: I know that this can be frustrating, but all attorney malpractice insurers’ extended reporting period (ERP/Tail) provisions are provisions that an insurer will not modify. READ MORE >>

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Wednesday, December 12, 2018

Switching Legal Malpractice Insurers Close to Retirement not Always a Good Idea

As the New Year approaches this seems to the time of year that attorneys getting close to retiring start thinking about hanging up their shingles. Generally their income starts to drop and they start looking for ways to save money.  One of the quickest ways appears to be shopping the attorney malpractice insurance in hopes of getting a cheaper rate. READ MORE >>

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Friday, September 16, 2016

Additional Attorney questions concerning AIG departure from Attorney Malpractice and an ERP

Please see the answers to your questions below. I know that this can be frustrating, but the extended reporting period provisions of any carrier’s lawyers professional liability insurance are an area that no insurance carrier will modify. READ MORE >>

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Thursday, September 15, 2016

Attorney has ERP Questions related to AIG leaving the Lawyers Insurance Market

As we go through the year, many attorneys that had been with National Union (AIG) for the attorney malpractice had stayed with them to take advantage of the “free” Non-practicing Extended Reporting Period Endorsement (ERP). READ MORE >>

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Monday, August 29, 2016

Solo Attorney close to retirement asks about switching malpractice insurance carriers

It is not always in the best interests of a solo attorney to switch attorney malpractice insurance carriers if they are close to retirement.  The savings of a couple of hundred dollars could cost them thousands of dollars later.  See below for the attorney's inquiry and L Squared's response: READ MORE >>

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