L Squared Insurance Agency Blog: attorney malpractice
View the latest blog posts from L Squared Insurance Agency.
Friday, December 23, 2022 Attorney malpractice insurance, also known as professional liability insurance, is a type of insurance that protects attorneys from claims of professional negligence or wrongdoing. It covers legal expenses and damages that result from a malpractice lawsuit. READ MORE >>
Friday, December 16, 2022
It's important to have the proper coverages to make sure your firm is properly insured. But also, it's important to know if you have insurance for your entity or persons that are associated with the firm.
For most, this is a simple question but over the years we have seen some highly creative ... READ MORE >>
Thursday, December 15, 2022 Attorney malpractice policies do not have standard policy forms. It is important for the insured attorney to understand policy coverage or lack of policy coverage. No two policies are exactly alike although similar they are not the same. Good case in point is actually understanding the definitions of the policy. READ MORE >>
Tuesday, December 13, 2022 Attorney malpractice insurance provokes a love/hate relationship with attorneys. Attorneys should know what attorney malpractice insurance coverage they have, when it covers them and when it does not. While getting it as cheaply as possible it is even more important to get the proper coverage. READ MORE >>
Thursday, December 1, 2022 Suspended and/or disbarred attorneys look for malpractice coverage because of cancelled or non-renewed policies. So, it begs the question can a suspended attorney obtain an attorney malpractice insurance policy? Expect a suspension exclusion from insurers. READ MORE >>
Wednesday, November 30, 2022 Do not expect insurance policies to cover deliberate acts. To that end a common attorney malpractice insurance policy exclusion is for notarizing documents without getting properly verification of the person’s identity. Expect a claims denial for firms that fraudulently notarize documents. READ MORE >>
Tuesday, November 29, 2022 Attorney malpractice insurance policies cover lawyer professional services. Attorney malpractice insurance policies exclude coverage for attorney provided services requiring a separate license. The ProAssurance policy has an exclusion for these services: READ MORE >>
Tuesday, November 22, 2022 Attorney malpractice insurance policies are meant to insure the attorney’s practice of law. Insurers do not consider giving clients investment advice practicing law. Not all insurers have this exclusion. But if the attorney is giving investment advice there should be a careful reading of the policy. READ MORE >>
Friday, November 18, 2022 Securities law is a highly specialized practice area. Attorneys doing private and public offerings need to be aware that not all insurers cover this exposure. The body of the policy may not have an exclusion such as the following: READ MORE >>
Friday, November 18, 2022 Law firms expecting coverage for Employment Retirement Income Security (ERISA) find policy exclusions instead. The attorney malpractice policy does not cover fiduciary ERSA exposures. This is the typical exclusion section wording: READ MORE >>
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