L Squared Insurance Agency Blog: professional liability
View the latest blog posts from L Squared Insurance Agency.
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, May 18, 2018I was meeting with the partners of a medium sized insurance defense law firm a few years ago, trying to understand why they were paying what seemed about 3 times what the attorney malpractice premium should be. According to the practice area grid (AOP) the firm did 100% insurance defense. READ MORE >>
Wednesday, May 16, 2018Question from Attorney: I am still looking at alternatives for renewing my attorney malpractice coverage and cannot get firm terms until I get Insurance Carrier Loss runs from my incumbent insurer. If I am a “few” days late renewing coverage is that going to be a problem? READ MORE >>
Monday, May 14, 2018Year after year you are required to complete a malpractice application. It is enough to make you want to scream. Accountant and attorney malpractice insurers generally want an updated application every year. But Business Owners, Workers Compensation and Commercial Auto insurers renew each year without an application. READ MORE >>
Friday, May 11, 2018Because attorney malpractice insurance is written on a claims made policy form the prior acts date is important to determining if there is coverage for an act that may have occurred many years ago. The first three things that an insurer looks at to determine if the claims made policy covers the loss are: READ MORE >>
Friday, May 11, 2018Come visit Mandy & Beth at our booth at the Annual Michigan Association for Justice Convention! READ MORE >>
Wednesday, May 9, 2018According to the Orange County Register, California Defense Attorney James Crawford got into a brawl with District Attorney Investigator Dillon Alley on the 10th Floor of the Santa Ana Courthouse. There were conflicting stories about who started the brawl. Different witnesses stated that each party had thrown the first punch. READ MORE >>
Monday, May 7, 2018Attorney in Washington state had a continued history of double dealing with her firm. After being fired for the practice she mislead her new employer and continued the same arrangement with individual clients outside of her firm. For that and many other sins she was disbarred. READ MORE >>
Friday, May 4, 2018This often asked question only comes from the attorney that might be paying more than his friend. I say might, because occasionally they are both paying the same premium. But there are other cases where the premiums are dramatically different. READ MORE >>
Thursday, May 3, 2018Most Attorney Malpractice Insurance policies have exclusions for outside interest in other businesses that may or may not be a firm client. This is one area that attorneys need to be careful about. Every insurer’s malpractice policy has different wording. READ MORE >>
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