L Squared Insurance Agency Blog: proassurance
View the latest blog posts from L Squared Insurance Agency.
Monday, December 18, 2023 The reality of attorney malpractice insurance policies is paying the deductible when a claim is made against the law firm. For an additional premium Insurers may offer for 1st dollar defense which addresses claims expenses for claims with no indemnity payment made or an aggregate deductible for multiple claims brought in any one policy year. READ MORE >>
Friday, October 6, 2023 Attorneys wear many hats. Attorney malpractice insurance provides coverage for most hats but not all. A malpractice insurer’s definition(s) of professional services may cause coverage issues for attorneys that perform certain client services. READ MORE >>
Thursday, August 24, 2023 Attorney Fees are almost universally excluded from the definition of damages in attorney malpractice policies. Punitive damages may or may not be excluded from malpractice coverage, but your state may not permit. Your insurer may pay defense costs and the award for damages in a covered malpractice claim. READ MORE >>
Wednesday, July 26, 2023 Claim time is not the time to find out the attorney has no malpractice coverage for the reported claim. Attorneys that do work for clients where the attorney is involved with client management or ownership may run afoul of attorney malpractice policy exclusions. READ MORE >>
Tuesday, June 20, 2023 Attorney Malpractice Insurance Policies are claims-made and reported policies. When the coverage ends the ability to report claims for past acts ends at policy termination. Attorneys leaving private practice via retirement, becoming a judge or working in the private or public sector need to protect their past acts. READ MORE >>
Friday, May 19, 2023 More than a few attorneys forget to take advantage of Disciplinary Coverage until it is too late. Attorney Malpractice Insurance policies that offer this coverage can be ‘Duty to Defend’ or ‘Reimbursement’. The ProAssurance disciplinary coverage is READ MORE >>
Tuesday, March 21, 2023 Certain insurers include additional beneficial coverages. ProAssurance adds on in states where permitted a Cyber Risk Endorsement. The base cyber endorsement adds $25,000 in coverage for certain cyber events. Given the increased frequency of data breaches and cyber-attacks cyber insurance is an essential coverage. READ MORE >>
Thursday, December 16, 2021 Risk Resources to Share with Your Lawyer Clients! Each month, our partner Hinshaw & Culbertson LLP publishes a helpful risk resource specifically for attorneys. In case you missed past publications, we wanted to share them with you. The most recent three publications include: READ MORE >>
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