L Squared Insurance Agency Blog: malpractice insurance
View the latest blog posts from L Squared Insurance Agency.
Tuesday, October 11, 2016Malpractice Insurance – Contractual Liability the contract that is not binding Occasionally we get a client that attempts to tie the insurance company to a contract that the client has signed, in hopes that the insurance carrier will be bound to the contract. Or there is a misunderstanding of the Contractual Liability Exclusion. READ MORE >>
Monday, October 10, 2016In 2003, the soldiers and Sailors Civil Relief Act was re-written and the name changed to Servicemembers Civil Relief Act. Basically the act applies to any service members including reservists and National Guard members that are called to active duty. READ MORE >>
Friday, October 7, 2016Normally attorney’s fees are not covered by a Lawyers Professional Liability Insurance Policy. The reasoning for this is that the awarding of attorney’s fees by the court is meant to punish the attorney. It is also meant to discourage attorneys from engaging in similar conduct in the future. READ MORE >>
Thursday, October 6, 2016We blogged about this a few month ago, but are still getting questions about whether a malpractice policy has an “innocent Insured” clause and what does it mean. There seems to still be a misunderstanding as to the meaning and intent of this clause in a policy. READ MORE >>
Wednesday, October 5, 2016All law firms should carry a business owners and commercial auto policies to protect your assets from the business side perils of your law firm, ie property damage, general liability, business interruption insurance, personal injury protection. These commercial insurance policies exclude the practice side of your law firm. READ MORE >>
Tuesday, October 4, 2016Occasionally we have an attorney call because they are in need of past acts coverage for a variety of reasons. Sometimes they are about to become a Judge or Prosecutor etc. and never had insurance, but are now required to have past acts coverage before assuming their new duties. READ MORE >>
Friday, September 30, 2016We are frequently asked why with an Attorney Malpractice policy they cannot purchase a Commercial Umbrella Insurance policy or already have an Commercial Umbrella Policy that they purchased from their Business Owners Insurance carrier or a separate standalone Commercial Umbrella Insurance Policy ... READ MORE >>
Thursday, September 29, 2016There appears to be many mistaken beliefs about what is and is not covered when a firm has an of counsel attorney working for them. And believing something is covered versus being covered are two different things. Of Counsel doing no work for the law firm READ MORE >>
Wednesday, September 28, 2016Claims made insurance policies are designed to provide coverage for covered acts that a claim is made and reported during the policy period. An unendorsed claims made policy generally only provides coverage for the current policy term for covered acts that occurred during the policy period and where the claim is made and reported during that term. READ MORE >>
Tuesday, September 27, 2016We continue to be approached by attorneys that are close to retirement that are “shopping” their professional liability insurance. In fact yesterday we had two such occurrences from solo attorneys close to retirement. READ MORE >>
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