L Squared Insurance Agency Blog: past acts
View the latest blog posts from L Squared Insurance Agency.
Monday, November 11, 2019A claims-made insurance errors & omissions or malpractice policy may have a Firm Prior Acts Date, an Individual Prior Acts Date, a Career Coverage Prior Acts Date and/or Predecessor Firm Prior Acts Date. Each can be used to address specific coverage needs: 1. READ MORE >>
Friday, October 25, 2019Prior acts and the claims-made policy form are two of the most misunderstood malpractice insurance concepts. This misunderstanding costs professionals millions of dollars in lost coverage every year. There are two basic property and casualty insurance forms; the ‘occurrence’ policy form and the ’claims-made’ policy form. READ MORE >>
Tuesday, August 13, 2019Insurance policies can lapse because of administrative issues or lack of funds. Letting coverage lapse is never a good thing. Whether it is Business Auto, Business Owners Coverage, Professional Liability Insurance or Workers Compensation letting your insurance coverage lapse can be costly. READ MORE >>
Tuesday, August 28, 2018Accountant called wanting to know how to make sure that she had insurance coverage for her past acts once she sells her practice. All Accountant E&O policies sold in the US are written on a claims-made basis. In essence, once your Travelers Insurance Policy is canceled so is your coverage for past acts. READ MORE >>