L Squared Insurance Agency Blog: 3_2018
View the latest blog posts from L Squared Insurance Agency.
Thursday, March 22, 2018The Hartford's Tom Kang wrote a recent article on How to Respond to Ransomware. It is a worthwhile read: By Tom Kang The first ransom note in American history was written in 1874, when kidnappers demanded $20,000 to return four-year-old Charley Ross to his parents. READ MORE >>
Thursday, March 22, 2018Attorneys become upset when they find out that suing clients for unpaid legal fees can cause their attorney malpractice insurance premiums to increase. In fact, with many admitted malpractice insurers as few as 5 client fee suits for unpaid legal fees in a 2 year period causes the insu... READ MORE >>
Wednesday, March 21, 2018Claims-made insurance is often misunderstood. This misunderstanding can be costly. All Attorney Malpractice Insurance policies issued in the USA are written on a ‘claim-made’ policy form. With claim-made coverage, once policy lapses, so does your past acts coverage. READ MORE >>
Tuesday, March 20, 2018Many claims that we see come from FDCPA complaints. This statute has been around for 40 years and these claims can be costly which is why collections is regarded as one of the higher risk areas of practice for attorneys. The following question was sent to AskWilliam@Travelers. READ MORE >>
Monday, March 19, 2018 READ MORE >>
Monday, March 19, 2018Attorney Malpractice Insurance Policies are written on a ‘claims-made’ policy form. A claims-made policy form requires that the covered act must be reported (claim made) during the policy period or during the extension of the reporting period (ERP/Tail). READ MORE >>
Friday, March 16, 2018 This is a frequently asked question. Attorney takes the “free” non-practicing Extended Reporting Period Endorsement (ERP/Tail) on his Attorney Malpractice Insurance Policy and decides to start practicing law again at a later date. What is the impact on the ERP? READ MORE >>
Thursday, March 15, 2018Many attorney s refer cases. Some firms do no real legal work and refer out almost any case that comes their way. For law firms with this business model they should read ‘Court Castigates the Solicit-Then-Refer Model’ by Seth Laver. The rest of this blog is for the attorneys that occasionally refer out cases. READ MORE >>
Wednesday, March 14, 2018What professional liability limits should a law firm carry is a frequently asked question. It’s difficult for an insurance agent/broker to answer. The broker simply does not know your law practice well enough. There is no set answer for a law firm. READ MORE >>
Tuesday, March 13, 2018Given the issues with claims-made insurance for attorney malpractice insurance thought and planning on how to handle the attorney malpractice exposure should start prior to the split. If your two person law firm is splitting up and each going separate ways, the best approach for the firm is... READ MORE >>
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