Month: October 2013
2014 LAWPRO policy responds to changes in the profession and related risks
Quick summary: Base premium for 2014: $3,350 (unchanged since 2011) $10,000 increase in deductible applied to certain administrative dismissal claims $250,000 sublimit coverage for eligible cybercrime losses Coverage for Ontario lawyers also called in Quebec, in support of full mobility Paralegal licensees practising in partnership with lawyers must move to LAWPRO insurance LAWPRO maintains base… Read More »
Categories: 2013 October - Insurance Issue 2014, Articles, Errors & Omissions2014 coverage for lawyers in private practice
Standard insurance coverage The base program Eligibility: Required of all lawyers providing services in private practice. Coverage limit: $1 million per claim/$2 million in the aggregate (i.e., for all claims made in 2014), applicable to claim expenses, indemnity payments and/or costs of repairs together. New Cybercrime coverage sublimit: The 2014 insurance program introduces s a… Read More »
Categories: 2013 October - Insurance Issue 2014, Articles, Errors & Omissions2014 insurance coverage for exempt lawyers
in-house corporate counsel government lawyers, educators and others not in active private practice retired lawyers, estate trustees, emeritus lawyers, judges and others no longer practising law legal aid clinic lawyers (not directly employed by Legal Aid Ontario) lawyers who engage in only occasional practice in Ontario and are resident in a Canadian jurisdiction other than… Read More »
Categories: 2013 October - Insurance Issue 2014, Articles, Errors & OmissionsAre you covered for a big claim? Consider LAWPRO Excess Insurance
With your Law Society insurance renewing January 1, it is a good time to consider your firm’s excess needs. Remember that the limits on LAWPRO’s primary program are $1 million per claim/$2 million in the aggregate. Could any of your matters lead to a malpractice claim of more than $1 million? Don’t forget to include… Read More »
Categories: 2013 October - Insurance Issue 2014, Articles, Excess, Excess insurance