L Squared Insurance Agency Blog: legal malpractice
View the latest blog posts from L Squared Insurance Agency.
Tuesday, April 24, 2018This case started out as an historical American submarine copyright infringement suit that should have never been brought. Once the fuse is lite it is hard to put out. We recently blogged about Attorney’s Fees not being covered by Attorney Malpractice Insurance. READ MORE >>
Monday, April 23, 2018A Risk Purchasing Group (RPG) allows like risks to be able to purchase liability insurance on a group basis. Formed by Congress in 1981, the Products Liability Risk Retention Act allowed the formation of groups to purchase liability insurance on a group basis. READ MORE >>
Friday, April 20, 2018We all get those calls that you have won the lottery or a cruise to the Caribbean. Normally you always hang up. But imagine if the call was legit. According to an ABA Journal and Wall Street Journal Article that is precisely the problem the West Virginia Law Firm of Bailey & Glasser has. READ MORE >>
Friday, April 20, 2018We post on client fee issues frequently. Why, because it is a leading cause of attorney malpractice claims. Avoid fee disputes by explaining the fee arrangement in great detail during the first meeting. Confirm this understanding in writing and have the client agree by signing the agreement. READ MORE >>
Thursday, April 19, 2018Question from Law Firm: My Attorney Malpractice Insurer just non-renewed my policy because of a claim, now all I can get is ‘Surplus Lines’ or ‘Non-admitted’ insurers for a much higher premium. How many years after a Legal Malpractice claim do I have to wait to get back with an ‘admitted’ Attorney Malpractice Insurer? READ MORE >>
Wednesday, April 18, 2018Question from Attorney: Will you write an Attorney Malpractice Insurance Policy for me without prior acts coverage? I currently have prior acts coverage and want to renew without any prior acts coverage to save money. I do not want to purchase a Tail or Extended Reporting Period Endorsement from the incumbent insurer. READ MORE >>
Wednesday, April 18, 2018Question from Attorney: I am contemplating merging my practice into another firm and becoming "of counsel" to that firm. I may have a legal matter or two that is not included in the merger, and I will be retaining the existence of my current LLC READ MORE >>
Wednesday, April 18, 2018When completing the attorney malpractice insurance application a frequent question is how to fill out the area of practice grid (AOP). I suspect that it is frequently done incorrectly. For firms that are currently in operation for over a year: READ MORE >>
Tuesday, April 17, 2018Question from Law Firm: Law Firm’s Managing Partner states, “My Travelers Attorney Malpractice Insurance Agent tells me that it is going to cost 3 times expiring to buy an Extended Reporting Period Endorsement (ERP or Tail). Our law firm is merging with another firm and is required to have an ERP. READ MORE >>
Monday, April 16, 2018Attorneys do not question the need to back-up their computers or phones, but a few have a real problem with getting a backup attorney. Not sure how a computer or phone’s data is more important than the attorney. READ MORE >>
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