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L Squared Insurance Agency Blog: 12_2017

View the latest blog posts from L Squared Insurance Agency.

  2017 marked L Squared’s 15th year in business.  Starting in May of 2002 with no clients and just one employee L Squared was licensed in just Michigan and Idaho to start.  Soon other states would follow. READ MORE >>

Unlike many other types of insurance, Attorney Professional Liability Insurance cannot be bound without the malpractice insurer’s specific application.  Some malpractice insures will use a competing insurer’s new business application but this is the exception rather than the rule. READ MORE >>

Yes there are loan rates at 76.5% out there if you need cash fast.  But even for a great opportunity should you take a loan out for 76.5% annual interest?  Is that even legal?     Click Here to Read More READ MORE >>

Always hate to have to tell someone no.  This is an actual e-mail, minus names, places and insurance carriers that came in recently.  Question from Attorney: I have been an attorney for almost 30 years.  I handle personal injury and workers' compensation cases for plaintiffs/petitioners (95% of my work). READ MORE >>

Rescission of insurance coverage normally results from a material misrepresentation on the application for coverage.  But what does this actually mean.  There are a number of ways where issues come up that cause the malpractice insurer to want to get off of an exposure. READ MORE >>

A recent article from The Dentons, “You’re Facing a Malpractice Claim; Don’t Make it a Bad Situation Worse”, gives advice on what to do after the mistake has been made.  Every so often we have law firms that actually make things much worse. READ MORE >>

With Christmas just around the corner and New Year not far off, many law firms’ partners and staff are getting ready to have a few well-earned days off.  Not to put a damper on the Xmas cheer, but many law firms’ also renew their attorney malpractice insurance at year end. READ MORE >>

End of year is always an exciting time for professionals.  For Accountants and Lawyers it can be the scariest of times.  Many professionals make or execute career decisions at year.  Some start out on a new journey as a solo practitioner.  Others are forming new partnerships or joining existing partnerships. READ MORE >>

Most of us need to be better at setting goals for ourselves as well as for our firm and the people that work for us.  We all know that we should set goals and that people that do set goals tend to perform better.  Here are a few Hints from The Hartford on Goal Setting:       READ MORE >>

Question coming with frequency from lawyers; “Does attorney malpractice insurance cover my ‘marijuana practice’?” The short answer to this question is there is no specific exclusion in almost all lawyer’s professional liability insurance policies for a ‘marijuana practice’. READ MORE >>

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