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Liability insurance for lawyer/directors of charities or non-profits

Serving as a director of a charitable or not-for-profit corporation can be a rewarding but potentially risky experience. A director can be held personally liable for his or her own actions or failures to act, as well as jointly and severally liable with the other members of the board of directors. Directors with specialized knowledge… Read More »

Categories: Articles, Content Type, LAWPRO policy, Topics

2017 Annual Review: Financial Results Explained

blackboard with graphs

A. Net premiums: $108.5 million LAWPRO net earned premiums in 2017 w ere $108.5 million. As expected, premiums from the mandatory insurance program were considerably lower than in 2016 ($115.8 million) following a reduction in the annual base premium from $3,350 to $2,950. Nevertheless, they were still higher than the amount budgeted for the year… Read More »

Categories: 2018 May Year in Review 2017, Articles, Content Type, LAWPRO Magazine, LAWPRO Magazine Article Type, Year in Review

2017 Annual Review: Coverage

cover of May 2018 issue

Lowered premium proves successful; maintained for another year For the 2017 professional indemnity insurance renewal, LAWPRO introduced a $2,950 base premium, a $400 reduction from the year prior. Despite the lower premium, the company was able to meet its claims obligations on a roughly “break-even” basis – an approach made possible by the achievement of… Read More »

Categories: 2018 May Year in Review 2017, Articles, Content Type, LAWPRO Magazine, LAWPRO Magazine Article Type, LAWPRO policy, Year in Review

Repairs: Putting Things Right For Our Insureds in 2017

The ideal way to handle errors is to repair them before they can cause any harm. Claim repairs have the potential not only to limit costs to the insurance program, but also to restore clients’ faith in the legal profession and to protect lawyers’ reputations. LAWPRO counsel repair claims in all areas of law, using… Read More »

Categories: 2018 May Year in Review 2017, Articles, Casebook, Content Type, LAWPRO Magazine, LAWPRO Magazine Article Type, Year in Review

In Defence of Our Insureds in 2017

knight

LAWPRO defends actions against lawyers and licensed paralegals practising in every area of the law. In our February issue, we highlighted 2017 civil litigation claims. Family law A plaintiff hired a lawyer to handle certain financial matters, including the drafting of a prenuptial agreement, in preparation for her upcoming marriage. It eventually came to light… Read More »

Categories: 2018 May Year in Review 2017, Areas of Law, Articles, Casebook, Civil Litigation, Content Type, Corporate Law, Family, LAWPRO Magazine, LAWPRO Magazine Article Type, Real Estate, Tax, Year in Review

practicePRO Program: 2017 Year at a Glance

practicepro logo

January What do homeowners really know about title insurance? We stopped commuters in downtown Toronto to ask. The results were amusing and illuminating, and the video is available on LAWPRO’s YouTube channel as part of our public awareness campaign to educate the public on the role of lawyers. February We released two issues of LAWPRO… Read More »

Categories: 2018 May Year in Review 2017, Articles, Content Type, LAWPRO Magazine

Everything old is new again: Will the return of a broader rent control regime haunt the Ontario real estate bar?

condo tower

For decades the existence of rent control has posed a risk to Ontario real estate lawyers acting on the purchase and mortgaging of residential rental property. The range of affected properties is immense: From a basement apartment to a rented single family house to the largest multi-residential complexes in the province, many real estate files… Read More »

Categories: Areas of Law, Articles, Content Type, Failure to Know The Law, Inadequate Investigation, Malpractice Errors, Real Estate

2017 Annual Review: TitlePLUS Program

Pre-underwritten title insurance for new builds New Home Program and New Condo Select were developed with you in mind. With the TitlePLUS department underwriting specific new home and residential condo developments in Ontario, it’s quick and easy for you to obtain title insurance policies for your purchaser and lender clients – while saving on disbursement… Read More »

Categories: 2018 May Year in Review 2017, Articles, Content Type, LAWPRO Magazine, LAWPRO Magazine Article Type, TitlePLUS
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