L Squared Insurance Agency Blog: professional liability
View the latest blog posts from L Squared Insurance Agency.
Thursday, July 28, 2016Travelers Insurance has developed the following “Pressure Test” for your Cyber Risk. In addition to the test questions, it also provides many helpful hints for managing the Cyber Risk. Take the test. Either click on or cut and paste the following link into your browser to see where your firm stands: READ MORE >>
Wednesday, July 27, 2016As with any insurance policy, you first see what is covered, the next thing you need to look for is what is not covered. Attorney professional liability insurance policies are not standard, so making the assumption that every Attorney Malpractice Insurance policy is the same; as the saying goes will make an “Ass out of You”. READ MORE >>
Tuesday, July 26, 2016There are a number of things that need to be maintained if you switch professional liability insurance carriers. Some of those items are: 1. Make sure the effective date of the replacement policy matches the expiration date of your current coverage. READ MORE >>
Monday, July 25, 2016Policy premium and the policy forms are very important when selecting a Professional Liability Insurance policy. But there is much more that an Attorney or Accountant should be concerned about when selecting a malpractice insurance carrier. A few of the items that you need to consider are: 1. READ MORE >>
Thursday, July 21, 2016Attorney Malpractice Insurance is not like homeowners, auto, or business insurance. You need an agent that is trained and experienced in Attorney Malpractice Insurance. Here are a few of the reasons: 1. Most of the Malpractice Insurance carriers are not companies that many people know. READ MORE >>
Wednesday, July 20, 2016Many law firms and accounting firms know that they need professional liability insurance to protect them for malpractice. But many firms neglect the business side of their practice. BOP stands for Business Owners Policy. It is a prepackaged policy specifically designed to meet the needs of small to medium sized businesses. READ MORE >>
Tuesday, July 19, 2016Crime Insurance is a property coverage, not a liability coverage. Lawyers Professional Liability Insurance is intended to coverage attorney malpractice liability claims. Don’t expect that a theft of funds will trigger a malpractice claim. READ MORE >>
Monday, July 18, 2016This is not an all-inclusive list. It is a start for a law firm or accounting firm that is purchasing malpractice insurance for the 1st time, evaluating current coverage, or contemplating switching Professional Liability Insurance Carriers. READ MORE >>
Monday, July 18, 2016We are often asked to provide the AM Best Ratings for various carriers. Thought there might be an interest in the comparability of the different rating services ratings. The attach details that differences between the rating services ratings, IE “A” is not equal. READ MORE >>
Friday, July 15, 2016Ransomware encrypts computer files and is used by hackers who then demand money in exchange for freeing the content. It is becoming a huge problem globally. The costs of unlocking data varies, with individuals typically paying a few hundred dollars to a few thousand for businesses. READ MORE >>
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