L Squared Insurance Agency Blog: professional liability insurance
View the latest blog posts from L Squared Insurance Agency.
Thursday, March 8, 2018Risk Management Tip from Travelers Insurance March 2018 News Letter: Steps to Take at the Inception of Each Client Engagement to Avoid a Malpractice Claim Any client who is unhappy with a law firm’s representation is a potential plaintiff in a subsequent legal malpractice action. READ MORE >>
Tuesday, March 6, 2018Question from Client: Is this Attorney Malpractice Insurance Policy Extended Reporting Period Endorsement (ERP or Tail) Full Prior Acts? Response: A common misconception is that there is a separate policy issued once an ERP is purchased on for an attorney malpractice insurance policy. This is not the case. READ MORE >>
Monday, March 5, 2018Even though the insurer is no longer writing malpractice insurance the coverage for an issued Extended Reporting Period Endorsement (Tail or ERP) remains in force. With this stated, as the years go by your insurer could have merged, been sold, liquidated or gone completely out of business. READ MORE >>
Friday, March 2, 2018Recent Article in the ABA Journal. Certainly a different way to market for new clients. Some lawyers are irked by attorney's fake bar associations BY DEBRA CASSENS WEISS A Louisville lawyer is creating some bar associations on paper that have no actual members. READ MORE >>
Thursday, March 1, 2018 READ MORE >>
Tuesday, February 27, 2018Disciplinary Coverage is an additional coverage found on most admitted and some non-admitted Attorney Malpractice Insurance policies. Some malpractice insurers that do not offer this coverage are willing to endorse it on if requested. READ MORE >>
Friday, February 23, 2018The assumption that your attorney malpractice policy will not answer in case of a criminal complaint could be invalid. A recent New Jersey court case was cited in Professional Liability Matters by Seth L. Laver, Andrew P. Carroll and Steven C. READ MORE >>
Wednesday, February 21, 2018Suspended and/or disbarred attorneys want to obtain coverage to protect their past acts. So it begs the question can a suspended attorney obtain an attorney malpractice insurance policy? Most attorney malpractice insurance policies have an outright exclusion for a suspended attorney. READ MORE >>
Friday, February 16, 2018A recent ABA article Entitled "Trump attorney's statement that he paid Stormy Daniels $130K raises ethics questions" by Stephanie Francis Ward raises the question, does a payment made by a lawyer using his own funds violate the rules of professional conduct? Not sure we know enough of the story to judge. READ MORE >>
Thursday, February 15, 2018Attorneys dread doing their annual Law Firm Attorney Malpractice Applications. It is non billable administrative time that takes away from the practice of law. Depending on the firm this task may be handled by the Managing Partner; the beginning associate; or newest clerk in the office. READ MORE >>
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