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The base program

Eligibility:
Required of all lawyers¹ providing services in private practice.²

Coverage limit:
$1 million per claim/$2 million in the aggregate (i.e., for all claims made in 2021), applicable to claim expenses, indemnity payments and/or costs of repairs together.

Standard deductible:

$5,000 per claim, applicable to claim expenses, indemnity payments and/or costs of repairs together (some exceptions apply).

Base premium:
$3,000 per insured lawyer (plus PST).

Innocent party sublimit³
$250,000 per claim/in the aggregate, applicable to claim expenses, indemnity payments and/or costs of repairs together.

Mandatory Real Estate Practice coverage (for real estate practitioners)

Eligibility:
Required of all lawyers practising real estate law in Ontario in 2021.

Lawyers not eligible for the Real Estate Practice Coverage Option are:

  • those who are in bankruptcy;
  • those who have been convicted or disciplined in connection with real estate fraud; and/or
  • those under investigation, where the Law Society obtains: an interlocutory suspension order or a restriction on the lawyer’s practice prohibiting the lawyer from practising real estate; or an undertaking not to practise real estate.


Coverage limit:

$250,000 per claim/$1 million in the aggregate, applicable to claim expenses, indemnity payments and/or costs of repairs together.

Premium:
$100 per lawyer (plus PST).

Optional insurance coverages

Innocent Party Sublimit Buy-Up4

Eligibility
Optional for all lawyers and eligible paralegal licensees practising in association or partnership (including MDPs, LLPs, and lawyer/paralegal partnerships), law corporations (with more than one
lawyer and/or paralegal shareholder) and sole practitioners practising with employed lawyers.

Sublimit buy-ups & premiums:

Innocent Party Sublimit can be increased as follows:

  • to $500,000 per claim/aggregate for an additional $75 per insured; or
  • to $1 million per claim/aggregate for an additional $125 per insured.
  • LAWPRO strongly recommends that lawyers and other insureds increase their innocent party coverage protection to the maximum sublimit offered, to provide comprehensive coverage and reduce the likelihood of gaps in coverage.

1 Includes paralegals practising as partners or shareholders in combined licensee firms.
2 Lawyers who are on temporary leave and qualify for exemption (c) are provided with the full limit coverage of $1 million per claim/$2 million in the aggregate provided under the base program.
3Coverage for dishonest (as defined), fraudulent, criminal or malicious acts or omissions.
4 LawPRO strongly recommends that lawyers increase their optional coverage protection to the maximum sublimit offered, to provide comprehensive coverage and reduce the likelihood of gaps in coverage.