L Squared Insurance Agency Blog: policy
View the latest blog posts from L Squared Insurance Agency.
Tuesday, August 16, 2016Travelers Insurance wrote the general Liability insurance policy (CGL) and Chubb wrote the Cyber coverage for PF Chang. Chang had a data breach where 60,000 credit card numbers were stolen. It promptly filed claims with Travelers & Chubb for coverage. READ MORE >>
Wednesday, July 27, 2016As with any insurance policy, you first see what is covered, the next thing you need to look for is 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 >>
Tuesday, June 7, 2016Sometimes disputes happen between attorneys in a law firm. Even to the point of filing malpractice claims against each other. Lawyers Professional Liability Insurance policies are not intended to cover these disputes. The typical exclusion for this is the type found in the current AXIS Insurance Company Attorney Malpractice Policy: READ MORE >>
Friday, June 3, 2016Attorney Question: “Why do you need the declarations page & policy endorsements to provide a malpractice quote?” Response: Attorney insurance malpractice is claims made coverage. There are no standard policies for lawyers professional liability insurance. READ MORE >>
Wednesday, May 25, 2016Attorney Asks: Why did the attorney malpractice premium not go down at renewal? I decided to switch 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 in the past year. I told carrier that I want the practice areas changed to criminal anyway. READ MORE >>
Monday, April 18, 2016Lawyers Professional Liability Insurance policies are written on a “Claims Made” or “Claims Made and Reported Form” policy form. This is unlike an “occurrence” policy in many ways. 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 >>
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