L Squared Insurance Agency Blog: application
View the latest blog posts from L Squared Insurance Agency.
Wednesday, June 15, 2016While it is one of the more boring things to do, properly completing the Lawyers Professional Liability Insurance application is very important. While this process takes away from billable hours, if done incorrectly it can lead to having claims denied, the law firm being non-renewed, or if the error is material enough coverage rescinded. READ MORE >>
Friday, May 20, 2016Another Law Firm that needed was being non renewed by their current Lawyers Professional Liability Insurance Carrier because of claims, severity, and frequency. This combination meant that it was prohibitively expensive to find a Malpractice Insurance policy that covered their prior acts. READ MORE >>
Wednesday, May 18, 2016One area that law firms get caught on is completing the claims section of either the incumbent malpractice insurance carrier’s renewal application or a new business application with a different carrier at renewal. “Prior Knowledge” of a claim is one of the leading causes for denial of Lawyers Professional Liability Insurance Claims. READ MORE >>
Wednesday, April 27, 2016When completing the Lawyers Professional Liability Insurance application a frequent question is how to fill out the area of practice grid (AOP). I suspect that it is frequently done incorrectly. For firms that are currently in operations for over a year: READ MORE >>
Friday, March 18, 2016Law firms designate the completion on the Lawyers Professional Liability application to many different people. This varies from the Managing Partner to the beginning associate or newest clerk in the office. READ MORE >>
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