L Squared Insurance Agency Blog Page 117
View the latest blog posts from L Squared Insurance Agency.
Thursday, November 2, 2017 READ MORE >>
Thursday, November 2, 2017Attorneys that are supposed to read contracts for a living. They tell their clients the importance to not only read the contract but to understand what it means. Rarely do attorneys follow their own advice; many times they end up with expensive lessons. READ MORE >>
Wednesday, November 1, 2017With the frequency of data breaches and cyber incidents increasing, keeping you law firm’s computer systems up-to-date and applying the best cyber procedures is no longer just something you need to do to protect the firm’s assets, it is likely an ethical issue as well. READ MORE >>
Tuesday, October 31, 2017As we continue to learn the depth and breadth of the Equifax Data Breach no one still knows who stole the information. What we do know is thanks to the total lapse of controls at Equifax cyber criminals got away with Social Security numbers, birth dates, and driver’s license numbers. READ MORE >>
Monday, October 30, 2017From a Law Firm Trust/IOLTA accounts, to business checking accounts, and to fraudulent payments to vendors an embezzler is every business nightmare. Nothing can destroy a business quicker that having an embezzler working for you. A recent article from Property Casualty 360 discusses the 5 warning signs on an embezzler: READ MORE >>
Wednesday, October 11, 2017According to ABC News a dead man’s unsent text message to his brother was accepted by an Australian court as the dead man’s will. Although this case has little influence on the US Court System it is a sign of the changes happening all over the world. READ MORE >>
Tuesday, October 10, 2017In the case of Maroulis v Friedman, Maroulis retained Attorney Friedman in a divorce proceeding in June of 2010. In November 2011 Maroulis dismissed attorney Friedman and hired another law firm. In July 2012, Maroulis settled the divorce action. In October 2014, Maroulis sued Friedman for malpractice and emotional distress. READ MORE >>
Monday, October 9, 2017Many an insured has received an unpleasant surprise finding out after a court has awarded attorney’s fees or punitive damages that these awards are not covered by their malpractice insurance policy. Yes the act(s) that were alleged were covered and yes your insurance carrier paid your defense costs and the award for damages. READ MORE >>
Friday, October 6, 2017According to the ABA’s most recent Profile of Legal Malpractice Claims, “Failure to Know/Properly Apply Law,” was the most commonly alleged error committed by attorneys. Based on the data, this type of error accounted for more than 15% of all alleged errors. READ MORE >>
Thursday, October 5, 2017Questions dealing with Extended Reporting Period Endorsements (ERP or Tail) are the most frequent questions that we get. Many attorneys are shocked at the cost of an ERP. ERP premiums regardless of your attorney malpractice insurance carrier are a multiple of the expiring premium. READ MORE >>
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