L Squared Insurance Agency Blog: lawyers
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Thursday, March 17, 2016Thank you, Tracy. We use retainer agreements. Please define a non-engagement and disengagement letter and let me know how they are used. Thank you. I’ve pulled this information from http://www.nysba.org/ManagingYourPractice/ READ MORE >>
Wednesday, March 16, 2016Question from Attorney: I am a full time employee at a large company. I do an occasional will or trust on the side. Probably less than 5,000 a year in revenue. Is there a minimal coverage for that? Should I get coverage for when i did have a practice? I sold it in December 2014. READ MORE >>
Tuesday, March 15, 2016All Lawyers Professional Liability Insurance policies have exclusions to some extent for acting as a Director or Officer of an organization. Attorneys need to be careful when being asked to sit on a board or act as an Officer of an organization to not jeopardize coverage. READ MORE >>
Sunday, March 13, 2016Lawyers Professional Liability Insurance (LPL) and Accountants Professional Liability (APL) Insurance claims made coverage ends at the policy/coverage termination. Lawyers Professional Liability Insurance Policies (LPL&APL) are generally written for the firm and coverage extents from the firm READ MORE >>
Tuesday, October 27, 2015Most professional liability insurance policies have a Retro Active date or Prior Acts date, few have Full Prior Acts or FPA. Full Prior acts is a type of claims-made liability policy that does not contain a retroactive date and therefore covers claims arising from acts that took place at any time prior — regardless of how far in the past. READ MORE >>
Wednesday, August 28, 2013NY State Bar Says Law Firms May Not List Specialties on their Linkedin Profile First, I’d like to thank each and every one of my LinkedIn connections who have generously endorsed my "skills and expertise" in the areas of professional liability insurance and risk management. READ MORE >>
Monday, August 19, 2013Exploring Your Options for Lawyers' Malpractice Insurance? Make sure you compare the coverage – and not just the price. When shopping for Lawyers Professional Liability insurance, or any other type of Errors & Omissions coverage, premium is an important consideration. READ MORE >>
Wednesday, July 31, 2013The lawsuit by Christ Academy against Hermes Sargent Bates was only recently filed. Assuming the firm has adequate insurance limits, and there are no coverage disputes with the carrier, the insurance company will likely move quickly to control defense expenses and damages. READ MORE >>
Wednesday, July 24, 2013One of the most difficult concepts for purchasers of professional liability insurance to grasp is the meaning of “prior acts coverage” and “claims-made policies." As the case of Christ Academy v. READ MORE >>
Wednesday, July 24, 2013One of the most difficult concepts for purchasers of professional liability insurance to grasp is the meaning of “prior acts coverage” and “claims-made policies." As the case of Christ Academy v. READ MORE >>
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