L Squared Insurance Agency Blog Page 87
View the latest blog posts from L Squared Insurance Agency.
Wednesday, February 6, 2019What do you mean that Full Prior Acts might not mean Full Prior Acts. Legal Malpractice Insurance policies are similar but there is no common meaning to the terms. Full Prior Acts is a term that is often misunderstood and changes from insurer to insure as to its meaning. READ MORE >>
Tuesday, February 5, 2019 Ginger Johnson & Michael J Weber, February 13th at 1 pm Eastern Time (1 CPE) Fraudulent wire transfers scams continue to plaque accounting firms nationwide. The FBI reports that fraudulent wire transfers have doubled since 2016. READ MORE >>
Friday, January 25, 2019Professional Liability Insurance policies are normally written on a ‘claims-made’ policy form. In its purest form, an unendorsed ‘claims-made’ policy only provides coverage for the current policy term for covered acts that occurred during and where the claim is made and reported during that policy term. READ MORE >>
Thursday, January 24, 2019Individuals 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, January 23, 2019Brief background
Most property & casualty insurance policies are occurrence policies. Your personal auto, homeowners and business owners policies are good examples of an occurrence policy. With an occurrence policy, the policy that is on the risk at the time that a covered act &l... READ MORE >>
Tuesday, January 22, 2019 You report a malpractice claim to your insurer giving an overview of what the claim was about. Next thing you know you get a reservation of rights letter from your insurer. When you top sheet the reservation of rights letter you start to get upset because it looks like the insurer is getting ready to decline coverage. READ MORE >>
Monday, January 21, 2019 The following article is from Wilson Elser/Attorneys Advantage website that our clients that are with Aon/AXIS Insurance have access to. Will California’s Cannabis Regulation Limit Commercial Activity Between Licensed and Unlicensed Entities? December 17, 2018 READ MORE >>
Thursday, January 17, 2019The following Article is from AttPro Ally's Winter 2019 Issue 29 Quarterly magazine. Bringing Your Practice Into the 21st Century By: Shari L Kelvens, Esq and Alanna Clair, Esq Inertia can be toxic to a law practice. Sometimes, lawyers are content to manage their practices as they always have, assuming that the old ways always work the best. READ MORE >>
Wednesday, January 16, 2019Data breaches and cyber intrusions happen daily. With Cyber Insurance premiums starting at only $125 for $100,000 in coverage for some law firms what are you waiting for? Remember Business Owners Policies are designed to cover physical and general liability insurance exposures are not a substitute for malpractice insurance and/or cyber Insurance. READ MORE >>
Tuesday, January 15, 2019Helping family members and friends with legal issues while not going through an attorney’s normal intake procedures is one of the quickest ways to get oneself in trouble. A Colorado Attorney agreed to aid in negotiating a judgement obtained against his in-laws. READ MORE >>
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