L Squared Insurance Agency Blog: policy
View the latest blog posts from L Squared Insurance Agency.
Tuesday, December 18, 2018We have Law Firms that hire a suspended attorney, one that was recently suspended, or had other disciplinary actions. While it is the firm’s prerogative to hire anyone they want, they should know about the disciplinary actions prior to making an offer. READ MORE >>
Friday, November 9, 2018PF Chang v Federal is a great case to discuss limitations in Business Owners Insurance (BOP)/Commercial General Liability (CGL) and Cyber Liability. This case goes to the heart of making sure that your insurance coverages for malpractice insurance, BOP/CGL and Cyber Liability properly cover the firm’s exposures. READ MORE >>
Tuesday, October 23, 2018You cannot know what is covered until you know what is not covered. Attorney professional liability insurance policies are not standard, so making the assumption that every Attorney Malpractice Insurance policy is the same; as the saying goes will make an “Ass out of you”. READ MORE >>
Monday, October 15, 2018Law Firms, Accounting Firms and Title Agencies know that they need professional liability insurance for their malpractice or errors and omissions coverage. But many firms neglect the business side of their practice. BOP stands for Business Owners Policy is sometimes also referred to as Business Insurance. READ MORE >>
Thursday, July 19, 2018When things go bad in a law firm between attorneys they can really go bad. It is more frequent than people image having an attorney in a law firm file a claim when the partners are no longer speaking to each other. The locks have been changed on the law office, access to client files restricted, and the access to computer systems denied. READ MORE >>
Wednesday, June 27, 2018Attorney Asks: Why did my attorney malpractice premium not go down at renewal? I’m switching to all criminal work which I know is a lower risk area of practice, but the renewal application only wants to know what was done for the past year. I told insurer that I want the practice areas changed to criminal anyway. READ MORE >>
Tuesday, May 22, 2018Attorney malpractice policies are not standardized. There is no ISO attorney malpractice policy form. Some law firms attempt to address the policy coverage differences by having an agent do a side by side policy comparison. READ MORE >>
Friday, August 18, 2017Recently we were working with a newer CPA. His current agent had written him a Business Owners Policy (BOP) and combined that with an additional policy for Tax Preparers and Bookkeeping Errors and Omissions Insurance for one policy through The Hartford. READ MORE >>
Friday, April 7, 2017We get this question frequently, especially after an attorney has received one of our mailers. “I need prior acts coverage and your mailer states that you work with malpractice insurance carriers that offer prior acts coverage.” READ MORE >>
Friday, October 28, 2016L Squared does not charge a policy fee on any admitted insurance policy product. The only fees that it does charge are on surplus lines accounts for filing fees. Unfortunately, L Squared has to pass along the policy fees, Risk Purchasing Group (RPG) fees and Risk Retention Group (RRG) fees that many of the insurance providers that L Squared works with charge. READ MORE >>
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