Errors & Omissions
LAWPRO is not like your auto insurer
In my more than 20 years of defending lawyers on malpractice claims, I continue to be amazed at how little some lawyers seem to know about the “LAWPRO policy” and how a claim is handled. I am also frustrated by how often lawyers have not done even the simplest things that could help them avoid… Read More »
Categories: 2018 Student Issue 6, Articles, Content Type, Errors & Omissions, LAWPRO Magazine Article Type, LAWPRO policy, New Lawyer Issue, Student, TopicsPrimary E&O program claims: 2020 Year in Review
Insurance can be a source of stability and calm in a storm and a foundation from which to rebuild after a storm has passed. 2020 was an alarming year in an unpredictable world. It often seemed to be a year on pause.But the legal profession did not stop. The number of insured lawyers in Ontario… Read More »
Categories: 2021 April – 2020 Year in Review, Errors & OmissionsRun-Off coverage: The coverage you have after you leave practice
When lawyers retire, get appointed to the bench, go in-house or otherwise claim exemption from maintaining LAWPRO insurance, they commonly ask LAWPRO two questions: 1. Do they still need to pay for insurance? 2. What sort of services are they still allowed to perform? When you leave private practice you are not “off the hook”… Read More »
Categories: 2020 January - Finding Your Way, Articles, Errors & Omissions, LAWPRO policyE&O program review: Risk in the balance
When it comes to long-term trends in the quantity and causes of malpractice claims, slow and steady are positive descriptors. While many things in the legal profession could stand to move at a faster pace, predictable changes to potential risks allow LAWPRO to adequately plan for future costs and outlays by balancing them against premiums,… Read More »
Categories: 2019 May - 2018 Year in review, Articles, Errors & Omissions, Year in ReviewThinking of virtual GC work? Understand your coverage needs
Outsourcing services that fall outside a company’s core expertise (consider for example executive recruiting or IT services) allows the company to access expert work product on an as-needed basis. Outsourcing means not having to pay a full-time salary to an expert who is needed less than full-time, and not having to pay the full cost… Read More »
Categories: 2018 February Top Legal Disruptions, Articles, Content Type, Errors & Omissions, Future of law, LAWPRO policy, TopicsLAWPRO is not like your auto insurer: Dispelling common myths about your insurance coverage
In my more than 20 years of defending lawyers on malpractice claims, I continue to be amazed at how little some lawyers seem to know about the “LAWPRO policy” and how a claim is handled. I am also frustrated by how often lawyers have not done even the simplest things that could help them avoid… Read More »
Categories: 2018 February Top Legal Disruptions, Articles, Content Type, Errors & Omissions, LAWPRO Magazine Article Type, LAWPRO policy, TopicsYour 2018 insurance program
Quick summary: Base premium for 2018: $2,950 Part-time practice billing limit updated Innocent Party/Partner levy reduced No more civil litigation transaction levies for family law matters Civil litigation transaction levy increased to $100 Base premium stable The base premium for 2018 will remain unchanged at $2,950. Claims management and cost containment efforts are expected… Read More »
Categories: 2017 September - Insurance Issue 2018, Articles, Content Type, Errors & Omissions, LAWPRO policy2018 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… Read More »
Categories: 2017 September - Insurance Issue 2018, Articles, Content Type, Errors & OmissionsCivil litigation levies evolve to reflect risks
No lawyer in private practice is immune to professional indemnity claims. However, over 20 years’ experience insuring the Ontario bar has made it clear to LAWPRO analysts that claims risk varies with area of practice. Lawyers who practise real estate or civil litigation face a significantly higher risk of claims than those who practise in… Read More »
Categories: 2017 September - Insurance Issue 2018, Articles, Civil Litigation, Content Type, Errors & OmissionsDon’t let claims follow you into retirement
Lawyers often approach retirement feeling good about their legacy. Whether you devoted your efforts to crafting airtight contracts, supported clients as they worked toward mediated settlements, or stood up for the rights of those who needed you, you’re entitled to feel proud of your accomplishments. Looking back, however, may heighten your awareness of just how… Read More »
Categories: 2017 August Managing Change, Articles, Content Type, Errors & Omissions, LAWPRO Magazine, LAWPRO policy, Legal Careers