Errors & Omissions
Four things that can lead to a denial of coverage under your LAWPRO policy
Insurance is different from other types of contracts. Besides the ongoing obligations (as described in the policy’s terms and conditions) that exist between the insurer and insured, there is also a duty of utmost good faith (uberrimae fidei, for you Latin fans). Just as an insurance carrier can’t act in bad faith in denying a… Read More »
Categories: 2016 January Indigenous, Articles, Errors & Omissions, LAWPRO policy2016 coverage for lawyers in private practice
Standard insurance coverage The base program Eligibility: Required of all lawyers1 providing services in private practice.3 Coverage limit: $1 million per claim/$2 million in the aggregate (i.e., for all claims made in 2017), applicable to claim expenses, indemnity payments and/or costs of repairs together. Reminder – Cybercrime coverage sublimit: The 2016 insurance program includes a… Read More »
Categories: 2015 September - Insurance Issue 2016, Articles, Errors & Omissions2016 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: 2015 September - Insurance Issue 2016, Articles, Errors & OmissionsTaking parental leave? You have options
[This article was updated in August 2021] Planning for parental leave might seem overwhelming when you are thinking about leaving your practice for an extended period, particularly if you’ve never taken leave before. You may have questions about the process of taking time off and how this will impact your professional liability insurance. Do I… Read More »
Categories: 2015 September Blue Sky, Articles, Errors & Omissions, LAWPRO policy, Legal Careers2016: Base premium holds steady; REPCO reduced
Insurance program enters third decade on strong, positive footing Quick summary: base premium for 2016: $3,350 (unchanged since 2011) Real Estate Practice Coverage Option (REPCO) $100 for 2016 (down from $250) Run-off coverage now stands behind mentoring efforts of exempt lawyers LAWPRO coverage for paralegal shareholders in combined licensee (incorporated) firms Base premium stable The… Read More »
Categories: 2015 September - Insurance Issue 2016, Articles, Errors & OmissionsREPCO reduction reflects commitment to risk-rating
Real estate and civil litigation continue to be the areas of practice with the highest claims, both in terms of count and cost. However, real estate claims based on the registration of fraudulent instruments under the Land Titles Act where the claim would otherwise be excluded from coverage due to the dishonesty of the insured… Read More »
Categories: 2015 September - Insurance Issue 2016, Articles, Errors & Omissions, LAWPRO policy, Real EstateGet proof of coverage with a click of your mouse
Have you been asked to provide a Certificate of Insurance to a client, a law society, or anyone else? You can now request and print an individual or a firm-wide Certificate of Insurance via the My LAWPRO online portal. While in many cases the Declarations Page of your insurance coverage confirmation will suffice as proof… Read More »
Categories: 2015 September - Insurance Issue 2016, Articles, Errors & Omissions, LAWPRO policyWhat new lawyers need to know about LAWPRO’s mandatory professional liability insurance
These FAQs answer some of the more common questions we hear from newly-called lawyers. The answers will help you determine if you need insurance coverage (or whether you’re exempt) and the steps you need to take to get your LawPRO insurance coverage in place. What is professional liability insurance? Professional liability insurance is designed to… Read More »
Categories: 2015 Student Issue 3, Articles, Errors & Omissions, Law students/new lawyers, LAWPRO policy, StudentFrom crisis to innovation: 20 years of LAWPRO professional liability insurance
Twenty years ago, an investigative task force appointed by the Law Society of Upper Canada made a sobering discovery: the fund established to pay for professional indemnity claims against Ontario lawyers was underfunded by over $200 million dollars. The resulting crisis presented the bar in Ontario with one of the most serious challenges in its history…. Read More »
Categories: 2015 February - LAWPRO 20th, Articles, Errors & Omissions, Features, LAWPRO policy2015 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 2017), applicable to claim expenses, indemnity payments and/or costs of repairs together. Reminder – Cybercrime coverage sublimit: The 2015 insurance program includes a… Read More »
Categories: 2014 October - Insurance Issue 2015, Articles, Errors & Omissions