L Squared Insurance Agency Blog Page 85
View the latest blog posts from L Squared Insurance Agency.
Thursday, March 21, 2019Kind of like feeling that your are about to crash into a mountain, realizing that you have made a mistake can be scary but hiding the mistake will only make it worse. It’s wise to contact your malpractice insurer as soon as you realize a mistake has been made. Protect your policy rights with timely claim reporting. READ MORE >>
Wednesday, March 20, 2019 Accountants that have not had a claims-made policy often do not understand the importance of maintaining prior acts. Many think it is just a ploy for the insurer to collect more money. The reality is that claims-made insurance policies are almost worthless without the proper maintenance of prior acts coverage. READ MORE >>
Wednesday, March 20, 2019Have you gotten this e-mail. I got it today. Was feeling left out since have been reading about this for last couple of weeks. It is scareware that is trying to get you to cough up $1000. Basically they are sending this out to anyone and everyone. READ MORE >>
Tuesday, March 19, 2019We are frequently asked why a Commercial Umbrella Insurance policy cannot be used to increase liability limits for their attorney malpractice exposure. The simple answer is that a Commercial or Personal Umbrella Insurance policy specifically excludes coverage for work done by an attorney. READ MORE >>
Wednesday, March 13, 2019Legal malpractice policies sold in the United States are claims-made policies. Conceptually the insurer that is on the risk is the insurer and policy form that will defend the insured and pay the claim should a claim be made during the policy period, providing that the reported act occurs after the prior acts date. READ MORE >>
Thursday, March 7, 2019Attorney Malpractice Insurance policies are generally written as a ‘Duty to Defend’ policy. With a Duty to Defend policy the insured has an expectation that if a claim is brought against the insured that the insurer will step up to the plate and provide a defense for the insured. READ MORE >>
Wednesday, March 6, 2019 READ MORE >>
Monday, March 4, 2019March 1, 2019 By Robert M Buchholz and Terrence P McAvoy Hinshaw & Culbertson LLC Lawyers for the Profession® Arch Ins. Co. v. Kubicki Draper, LLP, 2019 Fla. App. LEXIS 886 (Fla. Dist. Ct. App. Jan. 23, 2019) Brief Summary READ MORE >>
Thursday, February 28, 2019Over the years we have run into this coverage problem that unknowingly creates a lack of coverage for an attorney. Just like a sleeping baby, no one screams until the baby is awakened. A multi-member law firm has a tenant attorney staying in their office space. READ MORE >>
Thursday, February 28, 2019With law firms trying to reduce their costs by avoiding hiring new associate attorneys many firms have turned to hiring contract or appearance attorneys either on a short- or long-term basis. This allows the law firm to take on more legal work without having to permanently increase its fixed costs. READ MORE >>
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