L Squared Insurance Agency Blog Page 27
View the latest blog posts from L Squared Insurance Agency.
Monday, April 10, 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. QBE’s Crisis Event Coverage may help to address these issues. The actual coverage provided is in the Extensions of Coverage policy section. READ MORE >>
Monday, April 10, 2023 The last time I received a similar email was 2016. I thought by now that this would have run its course. Very unlikely that a Gmail account would be used by Warren Buffett. If you have received this e-mail and responded, best to contact the FBI Cyber Division. READ MORE >>
Monday, April 10, 2023 When it rains, it pours – at least we hope so when it comes to generating business for our firms. But what are the ethical considerations for making it rain? While marketing the firm and its legal services, lawyers should be mindful of the ethics rules related to sharing fees, advertising, and referrals. READ MORE >>
Thursday, April 6, 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 >>
Wednesday, April 5, 2023 The pandemic changed the way many Americans, including lawyers, conduct business. Although most lawyers have returned to the office full-time, hybrid work schedules and remote depositions or court appearances remain commonplace. This has resulted in many firms or lawyers reevaluating the need for (and substantial cost of) traditional physical office spaces. READ MORE >>
Wednesday, April 5, 2023 Data breaches are becoming increasingly costly for companies. In fact, the average total cost of a data breach grew from $3.86 million in 2020 to $4.24 million this year. The increase in expenses coincides with a significant upswing in ransomware attacks—today’s average weekly ransomware activity is 10. READ MORE >>
Tuesday, April 4, 2023 Extended Reporting Period Endorsements (ERP or Tail) are truly a limited time offer. Claims-made insurance policies that give the insured the right to purchase an ERP have very specific deadlines and requirements. Only very limited circumstances permit the insurer to not honor the right to purchase an ERP. READ MORE >>
Monday, April 3, 2023 2023 will bring many positive changes to the Alta Pro Lawyers RPG program. We are excited to announce Chapter One of these changes: CorePointe Insurance Company Transition Some background: Seven years ago, AmTrust Financial, rated A- XV(Excellent) by A.M. READ MORE >>
Friday, March 31, 2023 We have blogged on this before. US Mail delays continue to cause insurance coverage issues. Letting your malpractice insurance lapse has consequences. Insureds sometimes see the ‘Automatic’ Extended Reporting Period Endorsement section in malpractice policies thinking there is a grace period. READ MORE >>
Thursday, March 30, 2023 A Business Owners Policy (BOP) is essential insurance coverage for almost any small business. Whether a Law or Accounting firm rents, owns a building or works out of their house; the firm needs a BOP. While firms may understand how important malpractice insurance is. READ MORE >>
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