L Squared Insurance Agency Blog: lawyers
View the latest blog posts from L Squared Insurance Agency.
Thursday, October 20, 2016One of the most preventable attorney malpractice claims is a statute of limitations claim. The initial steps at client intake can help avoid or minimize your risk of being sued. The firm needs at intake determine if the firm is bumping up against a statutes of limitation issue. READ MORE >>
Tuesday, October 18, 2016All Lawyers Professional Liability Insurance policies sold in the USA are claims made policies. This continues to be an issue that comes up time and again with attorneys that falsely believe if they let their coverage lapse that past acts will be covered by the lapsed Attorney Malpractice Insurance Policy. READ MORE >>
Monday, October 17, 2016Although it comes up infrequently, occasionally you will receive a Subpoena. Even though it is a benefit in many policies this is a 2 edge sword. Responding to the subpoena without notifying your malpractice insurance carrier could down the road lead to a malpractice claim's denial. READ MORE >>
Friday, October 14, 2016 Malpractice Insurance—Coverage for Sanctions There is no coverage for sanctions or fines under a Professional Liability Insurance policy. In most cases sanctions or fines would not be insurable anyway. READ MORE >>
Wednesday, October 12, 2016Many law firms do not answer these questions correctly on the Lawyers Professional Liability Insurance application. Some law firms might perceive this to be no big deal. When not answered correctly, it could lead to claims being denied (an extreme case), but likely additional underwriting questions and/or a premium that may be much higher or lower than it should be. READ MORE >>
Friday, October 7, 2016Normally attorney’s fees are not covered by a Lawyers Professional Liability Insurance Policy. The reasoning for this is that the awarding of attorney’s fees by the court is meant to punish the attorney. It is also meant to discourage attorneys from engaging in similar conduct in the future. READ MORE >>
Thursday, October 6, 2016We blogged about this a few month ago, but are still getting questions about whether a malpractice policy has an “innocent Insured” clause and what does it mean. There seems to still be a misunderstanding as to the meaning and intent of this clause in a policy. READ MORE >>
Wednesday, October 5, 2016All law firms should carry a business owners and commercial auto policies to protect your assets from the business side perils of your law firm, ie property damage, general liability, business interruption insurance, personal injury protection. These commercial insurance policies exclude the practice side of your law firm. READ MORE >>
Friday, September 30, 2016We are frequently asked why with an Attorney Malpractice policy they cannot purchase a Commercial Umbrella Insurance policy or already have an Commercial Umbrella Policy that they purchased from their Business Owners Insurance carrier or a separate standalone Commercial Umbrella Insurance Policy ... READ MORE >>
Thursday, September 29, 2016There appears to be many mistaken beliefs about what is and is not covered when a firm has an of counsel attorney working for them. And believing something is covered versus being covered are two different things. Of Counsel doing no work for the law firm READ MORE >>
|
Blog Archive
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2013
2011
|
|