L Squared Insurance Agency Blog: professional liability
View the latest blog posts from L Squared Insurance Agency.
Wednesday, March 28, 2018 Law firm has a client(s) with business in many states, but their insurance carrier is only licensed in one of those states. We have actually helped law firms having 3 different policies in 3 different states. This is a particular problem that many Attorney Malpractice Mutual Insurers have. READ MORE >>
Tuesday, March 27, 2018Question: I am told my Attorney Malpractice Insurance Policy has a ‘Hammer Clause’—What is a ‘Hammer Clause’? Response: There is no attorney malpractice policy that actually states or defines the term for ‘Hammer Clause’. READ MORE >>
Monday, March 26, 2018Along with attorneys not understanding claims-made insurance coverage and the need to protect past acts, more than one attorney has ‘top sheeted’ their policy determining they have 60 days past expiration to renew or get new coverage because of the 60 day ‘Automatic’ Extended Reporting Period (ERP). READ MORE >>
Friday, March 23, 2018There are many reasons that a person or entity might want to provide funding helping a plaintiff pursue a commercial lawsuit. It can be for personal reasons such as promoting a cause or settling a score. But most litigation funding is now coming from professional 3rd parties that make a business on betting which cases will be successful. READ MORE >>
Thursday, March 22, 2018Attorneys become upset when they find out that suing clients for unpaid legal fees can cause their attorney malpractice insurance premiums to increase. In fact, with many admitted malpractice insurers as few as 5 client fee suits for unpaid legal fees in a 2 year period causes the insu... READ MORE >>
Wednesday, March 21, 2018Claims-made insurance is often misunderstood. This misunderstanding can be costly. All Attorney Malpractice Insurance policies issued in the USA are written on a ‘claim-made’ policy form. With claim-made coverage, once policy lapses, so does your past acts coverage. READ MORE >>
Tuesday, March 20, 2018Many claims that we see come from FDCPA complaints. This statute has been around for 40 years and these claims can be costly which is why collections is regarded as one of the higher risk areas of practice for attorneys. The following question was sent to AskWilliam@Travelers. READ MORE >>
Monday, March 19, 2018Attorney Malpractice Insurance Policies are written on a ‘claims-made’ policy form. A claims-made policy form requires that the covered act must be reported (claim made) during the policy period or during the extension of the reporting period (ERP/Tail). READ MORE >>
Friday, March 16, 2018 This is a frequently asked question. Attorney takes the “free” non-practicing Extended Reporting Period Endorsement (ERP/Tail) on his Attorney Malpractice Insurance Policy and decides to start practicing law again at a later date. What is the impact on the ERP? READ MORE >>
Thursday, March 15, 2018Many attorney s refer cases. Some firms do no real legal work and refer out almost any case that comes their way. For law firms with this business model they should read ‘Court Castigates the Solicit-Then-Refer Model’ by Seth Laver. The rest of this blog is for the attorneys that occasionally refer out cases. READ MORE >>
|
Blog Archive
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2013
2011
 |
|