L Squared Insurance Agency Blog: professional liability
View the latest blog posts from L Squared Insurance Agency.
Wednesday, February 1, 2017CEOL stands for Claims Expenses Outside the Limits. The purpose of CEOL is to provide a separate limit of liability claims expenses to help preserve the primary limit of liability. The other Lawyers Professional Liability Insurance Policy option is Claims Expenses Inside the limits (CEIL). READ MORE >>
Tuesday, January 31, 2017Most lawyers professional liability insurance carriers require a backup attorney or they will not issue a policy for a solo practitioner. Frequently the solo attorney will ask why this is a requirement. The solo attorney protests that that they do not need a backup attorney as they do not have court appearances to be covered or filing deadlines. READ MORE >>
Monday, January 30, 2017About a week ago, I learned a new term, “Alternative Facts”. Not sure what the difference is between Alternative Facts and a lie is. But while it appears that the President of the United States can use “Alternative Facts”, lawyers must abide by a code of ethics. READ MORE >>
Friday, January 27, 2017An interesting phenomenon with increasing frequency is the Virtual Law Office. In some cases the attorney is licensed in multiple states and in other cases the attorney is licensed in only their home state. The thinking goes that by extending their practice into several states the attorney can expand their practice and increase their appeal to prospective clients. READ MORE >>
Thursday, January 26, 2017Crowdfunding has become an alternative source of funds for many entities trying to raise capital. The SEC has come out with rules that allow for entities to crowdfund under certain circumstances. So the question naturally arises what about a new in practice attorney trying to start up their own practice. READ MORE >>
Thursday, January 12, 2017As an insurance agency the specializes in Lawyers Professional Liability Insurance it is interesting to see some of the claims that come in, where the attorney should have known better and/or supervised their staff better. READ MORE >>
Tuesday, January 10, 2017I am often asked about how to fill out an attorney malpractice application. Most of the questions revolve around what is the malpractice carrier looking for. Generally the attorney or staff member is just looking to the proper way to answer the question. These are the types of questions that you appreciate up front. READ MORE >>
Monday, January 9, 2017How do Attorney Malpractice Claims begin?
Clients do not like to be ignored by their attorneys. When a client calls, e-mails, texts or mails a letter, they expect a prompt response. Given how connected the world is today with being able to texted or e-mail at any time or day, ... READ MORE >>
Thursday, January 5, 2017Attached is Money’s list of the top 20 richest Lawyers. A few of the top richest lawyers have been disbarred and/or may have gone to prison. But if you do not mind being disbarred or going to prison, a few of these attorneys near the top of the list show that crime does pay. READ MORE >>
Thursday, January 5, 2017Attached is Money’s list of the top 20 richest Lawyers. A few of the top richest lawyers have been disbarred and/or may have gone to prison. But if you do not mind being disbarred or going to prison, a few of these attorneys near the top of the list show that crime does pay. READ MORE >>
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