L Squared Insurance Agency Blog: us specialty
View the latest blog posts from L Squared Insurance Agency.
Monday, February 19, 2024 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 >>
Monday, October 16, 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 >>
Friday, August 25, 2023 Attorney Fees are almost universally excluded in the attorney malpractice policy damages definition. 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, August 2, 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 >>
Monday, June 26, 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 >>
Tuesday, May 23, 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’. READ MORE >>
Thursday, May 4, 2023 Bad things can happen to a law firm that are not malpractice. If not addressed promptly could possibly end or damage the reputation of a firm or one of its attorneys. US Insurance Company Public Relations Coverage (Crisis Event Coverage) may help to address these issues. READ MORE >>
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