L Squared Insurance Agency Blog: claims made coverage
View the latest blog posts from L Squared Insurance Agency.
Tuesday, July 12, 2016Attorneys continue to be confused with claims-made coverage as to if a claim is covered. If the coverage is not in force at the time a claim is made there is no coverage. Some attorneys assume that claims-made coverage is like an occurrence policy in that if a covered act occurred during the time that coverage was inforce you can make claim at any time in the future. READ MORE >>
Friday, June 3, 2016Attorney Question: “Why do you need the declarations page & policy endorsements to provide a malpractice quote?” Response: Attorney insurance malpractice is claims made coverage. There are no standard policies for lawyers professional liability insurance. READ MORE >>
Wednesday, May 4, 2016Many Law Firms are reluctant to report claims made against them. Many times the Law Firm feels that the Lawyer Liability Claim is small and they can cover it themselves and it will help their insurance history, thereby keeping their Lawyers Malpractice Insurance premiums low. READ MORE >>
Monday, April 18, 2016Lawyers Professional Liability Insurance policies are written on a “Claims Made” or “Claims Made and Reported Form” policy form. This is unlike an “occurrence” policy in many ways. READ MORE >>
Monday, April 4, 2016If your 2 person law firm is splitting up and each going separate ways, the best approach for the firm is to Purchase an Extended Reporting Period Endorsement (ERP/Tail) at the time the split occurs. The ERP is made part of your last Lawyers Professional Liability Policy extending the reporting period for the number of years purchased. READ MORE >>
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