L Squared Insurance Agency Blog: excess insurance
View the latest blog posts from L Squared Insurance Agency.
Friday, October 9, 2020Attorney Malpractice Insurers cap their loss exposure by limiting the liability limits for a given law firm. This is especially true for smaller law firms. For instance, if a solo practitioner pays $3000 for a $2million policy and has a ‘limits’ loss it takes hundreds of other firms without any losses just to break even. 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 >>
Tuesday, April 3, 2018Attorney Malpractice Insurers cap their exposure to losses through a variety of means. One is by limiting the limits an insurer will post for a single law firm. All attorney malpractice Insurers carry reinsurance helping to limit their exposure to “shock” losses. READ MORE >>
Thursday, April 14, 2016Lawyers Professional Liability Insurance companies cap their exposure to losses through a variety of means. One is by limiting the limits the carrier will post for one firm. All Lawyers Professional Liability Insurance companies have reinsurance which also limits their exposure to “shock” losses. READ MORE >>
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