L Squared Insurance Agency Blog Page 110
View the latest blog posts from L Squared Insurance Agency.
Thursday, February 8, 2018It is amazing the problems an accounting firm or law firm can create for themselves by failing to notify their Malpractice agent/insurer of changes to the firm. Malpractice Insurance Policies Require Timely Notification of Firm Changes. READ MORE >>
Wednesday, February 7, 2018 READ MORE >>
Tuesday, February 6, 2018When I asked why malpractice insurance policy premium went up, the agent stated that it was because of “step rating”. What is step rating and why did my premium go up? Most malpractice insurance policies are Claims Made Policies. And most Claims Made Policies are Step Rated. READ MORE >>
Friday, February 2, 2018 Question from attorney: Does your insurance agency provide malpractice insurance for mediators? I have a litigation practice but am hoping to expand into mediation as a significant area of my practice. Response: Mediation is normally defined as a professional service a lawyer would perform under most attorney malpractice policies. READ MORE >>
Thursday, February 1, 2018Many law firms misunderstand as what is and is not covered when a firm has an ‘Of Counsel’ attorney working for them. Attorneys continue to construct ‘creative’ relationships for attorney malpractice coverage under this mistaken belief. READ MORE >>
Wednesday, January 31, 2018While everyone focuses on Cyber Security and are worried about high tech break-ends. This is yet another reminder that not all Data Breaches need a computer. The Australian government had disposed of some filing cabinets. They were recently found at a 2nd hand shop where the contents were revealed after the cabinets were pried open. READ MORE >>
Wednesday, January 31, 2018This issue recently came up with a client who was trying to determine which insurer had ‘better’ coverage. As frequently happens the client went no further than the declarations page to come to a conclusion. There is no standard Professional Liability Insurance Policy. READ MORE >>
Tuesday, January 30, 2018According to Fund Box Blog here are 3 mistakes that you might be making with your credit cards: 1. Don't Use your personal credit card for business 2. If you are using more than 30% of your available credit it will negatively impact your credit score 3. Better to have multiple credit cards to spread around the expenses READ MORE >>
Monday, January 29, 2018When does misrepresentation or non-disclosure on the attorney malpractice insurance application cross the line between having coverage declined to having the coverage rescinded? Having coverage declined because of properly disclosing application information is a problem. READ MORE >>
Friday, January 26, 2018A common misconception is that Attorney Malpractice Insurance coverage for a departing attorney continues until the end of the policy term because it is ‘paid for’. Once an attorney leaves a law firm their work after they leave the firm is not covered. READ MORE >>
|
Blog Archive
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2013
2011
|
|