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L Squared Insurance Agency Blog: attorney malpractice insurance

View the latest blog posts from L Squared Insurance Agency.

We work with many distressed firms in placing Legal Malpractice Insurance.  Most firms are in the distressed or surplus lines market because of claims.  Distressed firms depending on how they disclose the claims information can end up paying dramatically different premiums for basically the same claim. READ MORE >>

An important part of managing your attorney malpractice exposures is getting the proper Legal Management Software.  The proper system software coupled with the procedures and standards being integrated into the software can go a long way in preventing a professional liability insurance claim. READ MORE >>

With normal (non E&O) commercial insurance it is common practice for Insurers to require loss runs to provide a quotation.  Insurance carrier loss runs are a report produced by an insurer that provides information on all claims that have been reported to an insurer during the time that the insurer provided insurance coverage. READ MORE >>

Choosing legal malpractice insurance is one of the most important decisions you can make for your law firm. The following are some helpful tips:   1.   Evaluate the whole program Keep in mind the insurer is a very important piece, but not the only piece. You need to evaluate the entire program. READ MORE >>

Are You Covered for Employee Theft? Law Firms, Accounting Firms, Title Agencies and other small organizations spend a large amount of resources to combat the theft of funds from cyber criminals and other con artists.  These outside thefts are well publicized by the media. READ MORE >>

Law firms are starting to see clients auditing their security practices, controls and technology.   Many clients that are concerned about data security audit their law firm’s information technology services and infrastructure. Some firms struggle to comply with client expectations. READ MORE >>

Likely you’re tired of blogs and articles that talk about cyber security.  Unfortunately we continue to see law firms that are stuck in the dark ages that either have been data breach or cyber security targets or will be soon.  Don’t make yourself an easy target. READ MORE >>

Defendant New Jersey Attorney Cige in the case of Balducci v Cige had plaintiff Balducci sign a fee agreement that allowed Attorney Cige to collect the greater of his hourly rate plus expenses or a portion of the settlement in the underlying discrimination case. READ MORE >>

PF Chang v Federal is a great case to discuss limitations in Business Owners Insurance (BOP)/Commercial General Liability (CGL) and Cyber Liability.  This case goes to the heart of making sure that your insurance coverages for malpractice insurance, BOP/CGL and Cyber Liability properly cover the firm’s exposures. READ MORE >>

Too often law firms are so focused on the legal malpractice insurance exposures they neglect to protect the assets needed for running the law practice.  The following check list is just a start to get the firm thinking about the other exposures that may or may not need insurance coverage. 1. READ MORE >>

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