L Squared Insurance Agency Blog: claims
View the latest blog posts from L Squared Insurance Agency.
Wednesday, August 15, 2018CEOL stands for Claims Expenses Outside the Limits of Liability. CEOL is a separate liability sublimit for claims expenses (sometimes call defense costs). With CEOL claims expenses do not reduce the primary liability limit, unless the sublimit is exhausted. READ MORE >>
Friday, August 10, 2018Errors made during the dissolving and forming of law firms with legal malpractice claims-made insurance policies can cost attorneys coverage. Too often the attorneys either ignore or misunderstand the need for making sure that their past acts are covered. READ MORE >>
Wednesday, August 8, 2018When we get this question, it is usually because the suspended attorney suspects that there will be unreported malpractice claims made against the attorney in the future. Generally when a malpractice insurer learns about the suspension, the insurer will either set the malpractice policy up for non-renewal or cancel the coverage immediately with notice. READ MORE >>
Monday, July 23, 2018When a client expects one result but gets another it’s not uncommon for a client to sue and/or allege attorney malpractice. Communication starts at the initial client engagement by explaining the legal services that are being provided to the client and never leaving those services open to interpretation. READ MORE >>
Monday, July 16, 2018These are the clients from hell. And unfortunately you are not immune even if you decline to represent the client or they were the opposing litigant. Next thing you know you receive a notice that you have been filed upon for malpractice. READ MORE >>
Thursday, July 5, 2018Question from Attorney: Why do I need prior acts coverage for Attorney Malpractice Insurance? Response: Lawyers Professional Liability Insurance is written on a ‘Claims-made’ policy form. ‘Claims-made’ coverage in its purest form would only provide coverage for covered acts that that occurred and were reported during the policy period. READ MORE >>
Wednesday, June 27, 2018Attorney Asks: Why did my attorney malpractice premium not go down at renewal? I’m switching to all criminal work which I know is a lower risk area of practice, but the renewal application only wants to know what was done for the past year. I told insurer that I want the practice areas changed to criminal anyway. READ MORE >>
Thursday, May 31, 2018We have discussed a number of issues with Extended Reporting Period Endorsements (ERP or Tail) recently. One that does not come up often is the remaining ERP policy limit. Remember that an ERP is attached to the last inforce policy. READ MORE >>
Thursday, May 17, 2018Firms get trapped by the sin of omission when completing the malpractice claims questions. This can happen with either the incumbent malpractice insurer’s renewal application or a new business application with a different insurer. “Prior Knowledge” of a claim is a leading cause for malpractice claims denials. READ MORE >>
Thursday, May 10, 2018In Burton v Kohn, John H Burton filed a Fair Debt Collection Practices Acts (FDCPA)/Wisconsin Consumer Act (WCA) against Kohn Law Firm SC and Unifund to avoid paying a debt. This all started in February 2015, when Kohn Law Firm on behalf of Unifund filed a lawsuit in Brown County Circuit Court to collect a debt against Burton. READ MORE >>
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