L Squared Insurance Agency Blog: attorney malpractice
View the latest blog posts from L Squared Insurance Agency.
Friday, January 19, 2018The purpose of a Risk Purchasing Group (RPG) was to allow like risks to be able to purchase liability insurance on a group basis. In 1981 Congress enacted the Products Liability Risk Retention Act that allowed for groups to be formed purchasing liability (casualty) insurance on a group basis. READ MORE >>
Wednesday, January 17, 2018 Lawyers chose to go without malpractice insurance believing because they work for a small firm and maintain close relationships with their clients they are immune to claims. Other attorneys believe that the chances of them facing a claim aren’t great enough for them to purchase a Lawyers Liability Malpractice insurance policy. READ MORE >>
Monday, January 15, 2018As reported in the Insurance Journal, this is an example of why it is difficult to give a definitive answer about how much professional liability insurance coverage you need. Granted this is an extreme example but $214 millions attorney malpractice suits do happen. READ MORE >>
Friday, January 12, 2018Recently blogged that L Squared turned 15 in 2017. What you may not know is that L Squared is in 47 states and the District of Columbia. There are few independently owned professional liability agencies that can deliver the errors and omissions insurance for Accountants, Dentists, Lawyers and Title Agencies on a nationwide basis. READ MORE >>
Wednesday, January 10, 2018Yesterday’s blog dealt with a data breach that did not use a computer. There are many ways to compromise personal confidential information without a computer. This is a recent example of what can happen: As with many older law firms, this firm had too many client files for its actual office space. READ MORE >>
Tuesday, January 9, 2018 When people think of a data breach’s they often think of a cyber-criminal breaking into a computer system and stealing client/customer personal information. They are not all very high tech. This is an actual occurrence that recently happened: READ MORE >>
Friday, January 5, 2018 This is an important question if you expect your malpractice insurer to pay your malpractice claim. Not properly insuring the attorneys can cause a claim denial. Lawyers Professional Liability Insurance policies are normally written to cover the Law Firm. READ MORE >>
Thursday, January 4, 2018 According to Insurance Business, 6 Florida attorneys were arrested in September for participating in kickback schemes to defraud insurance companies. They were accused of paying for referrals from tow truck drivers, auto repair employees and other people with access to collision reports. READ MORE >>
Thursday, December 28, 2017 Unlike many other types of insurance, Attorney Professional Liability Insurance cannot be bound without the malpractice insurer’s specific application. Some malpractice insures will use a competing insurer’s new business application but this is the exception rather than the rule. READ MORE >>
Tuesday, December 26, 2017Always hate to have to tell someone no. This is an actual e-mail, minus names, places and insurance carriers that came in recently. Question from Attorney: I have been an attorney for almost 30 years. I handle personal injury and workers' compensation cases for plaintiffs/petitioners (95% of my work). READ MORE >>
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