L Squared Insurance Agency Blog: professional liability
View the latest blog posts from L Squared Insurance Agency.
Friday, February 9, 2018This issue recently came up with a client who did not want a ‘burning’ the limits attorney malpractice policy. The client went no further than the insurance proposal coversheet to come to a conclusion. In this case the client assumed (wrongly) that Claims Expenses Outside the Limits meant that there was no separate coverage for defense costs. READ MORE >>
Friday, February 2, 2018 Question from attorney: Does your insurance agency provide malpractice insurance for mediators? I have a litigation practice but am hoping to expand into mediation as a significant area of my practice. Response: Mediation is normally defined as a professional service a lawyer would perform under most attorney malpractice policies. READ MORE >>
Thursday, February 1, 2018Many law firms misunderstand as what is and is not covered when a firm has an ‘Of Counsel’ attorney working for them. Attorneys continue to construct ‘creative’ relationships for attorney malpractice coverage under this mistaken belief. READ MORE >>
Wednesday, January 31, 2018This issue recently came up with a client who was trying to determine which insurer had ‘better’ coverage. As frequently happens the client went no further than the declarations page to come to a conclusion. There is no standard Professional Liability Insurance Policy. READ MORE >>
Monday, January 29, 2018When does misrepresentation or non-disclosure on the attorney malpractice insurance application cross the line between having coverage declined to having the coverage rescinded? Having coverage declined because of properly disclosing application information is a problem. READ MORE >>
Friday, January 26, 2018A common misconception is that Attorney Malpractice Insurance coverage for a departing attorney continues until the end of the policy term because it is ‘paid for’. Once an attorney leaves a law firm their work after they leave the firm is not covered. READ MORE >>
Friday, January 26, 2018When one attorney in a law firm wants increased attorney malpractice limits but the other firm members do not want to pay the extra cost, what can the one attorney do? It seems logical to allow one attorney to increase their policy limits. READ MORE >>
Thursday, January 25, 2018In speaking with malpractice insurers, what the insurers call ‘social media fraud’ in many cases is ‘The Friday Afternoon Fraud’. Insurers refer to it as a 'social media fraud' because cybercriminals lurk on social media looking for information that can be used in a hack. READ MORE >>
Tuesday, January 23, 2018Making a practice of suing clients for unpaid legal fees is like playing the lotto. The more you sue the greater your chances of getting a retaliatory malpractice claim or disciplinary complaint. An attorney will state, “I want to get paid for the work that I do, so why does my Lawyers Liability Insurance carrier care? 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 >>
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