L Squared Insurance Agency Blog: ai
View the latest blog posts from L Squared Insurance Agency.
Tuesday, November 1, 2022 Attorney malpractice insurance paid via installments by financing with a premium finance company or direct bill payments through the insurer helps manage cash flow. Problems happen when a law firm allows their attorney malpractice insurance to cancel for premium non-payment. READ MORE >>
Wednesday, October 26, 2022 An attorney malpractice claim resulted in a loss of over $200,000. Unfortunately, the attorney only had a policy limit of $100,000 per claim. The insurer wrote their check(s) for $100,000 and close their claim file. The insurer fulfilled their contract. The attorney defended themselves after that and paid any additional damages due. READ MORE >>
Tuesday, October 18, 2022 Prior acts coverage and the ‘claims-made’ policy form are misunderstood malpractice insurance concepts. Misunderstanding these concepts costs professionals millions of dollars in coverage every year. There are two basic property and casualty insurance forms; the ‘occurrence’ policy form and the ’claims-made’ policy form. READ MORE >>
Friday, October 14, 2022 Being a defendant in a legal malpractice claim is no fun. In addition to the potential cost of an adverse judgement, there is the stress and expense of being away from practicing law to defend yourself. Having attorney malpractice insurance is an essential part of any law firm’s safety net. READ MORE >>
Thursday, October 13, 2022 When confronted with a situation that might result in a malpractice claim, most lawyers, understandably, do not know what to do. They may be tempted to ignore the situation or try and fix the problem on their own. In many cases, a potential malpractice claim can be repaired. READ MORE >>
Monday, October 10, 2022 Client fee disputes is a leading cause of attorney malpractice claims. Avoid fee disputes by explaining the fee arrangement in great detail during the first meeting. Confirm this understanding in writing and have the client agree by signing the agreement. READ MORE >>
Monday, October 10, 2022 How to Handle a Negative Online Review By: Erin McCartney, Esq., RPLU AVP Attorney Protective Sent to voicemail...again! A young law associate has been trying to contact a recent client who is no longer answering calls or responding to emails. READ MORE >>
Monday, August 29, 2022Now Licensed in all 50 States and the District of Columbia READ MORE >>
Monday, August 22, 2022 Insurance carrier loss runs show all claims that have been reported to an insurer during the time that the insurer provided insurance coverage. The loss runs not only include actual malpractice claims paid but reported incidents that may never turn into a claim and/or disciplinary proceedings. READ MORE >>
Friday, August 12, 2022 With Crum & Forster (C&F) dropping its small firm Lawyer s Professional Liability Insurance what happens to the “Free” Retirement Tail? 1. If C&F has issued the non-practicing extended reporting period endorsement (ERP) attached to your policy, then you have nothing to worry about. READ MORE >>
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