L Squared Insurance Agency Blog: lawyers
View the latest blog posts from L Squared Insurance Agency.
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 >>
Thursday, July 14, 2016Around the world things happen. A bad wind can blow through your law firm or accounting firm. Daily there are reports of people and regions around the world devastated by unforeseen unpredictable events – natural disasters, fires, storms, floods and earthquakes, along with man made disasters of cyber attack, terror attacks and/or power outages. READ MORE >>
Wednesday, July 13, 2016The exposure to law and accounting firms threatening their very existence from Cyber Crime has never been greater. Questions you need to answer is that if you have the things that cyber criminals want, do you have insurance coverage to protect you in cases where cyber criminals take? READ MORE >>
Tuesday, July 12, 2016Attorneys continue to be confused with claims-made coverage as to if a claim is covered. If the coverage is not in force at the time a claim is made there is no coverage. Some attorneys assume that claims-made coverage is like an occurrence policy in that if a covered act occurred during the time that coverage was inforce you can make claim at any time in the future. READ MORE >>
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