Errors & Omissions
2015 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: 2014 October - Insurance Issue 2015, Articles, Errors & Omissions2015: Fifth year of premium stability
LAWPRO celebrates 20 years operating primary program Quick summary: base premium for 2015: $3,350 (unchanged since 2011) expanded range of programs approved for LAWPRO Risk Management Credit (RMC) paralegal partners now eligible for RMC savings expanded policy definitions for “employee” and “prescribed penalties” clarification of coverage for the work of non-licensee professionals in Multidisciplinary partnerships… Read More »
Categories: 2014 October - Insurance Issue 2015, Articles, Errors & OmissionsExemption eligibility for “employed” lawyers
A common fallacy is that all lawyers who work in a corporate, government, education or municipal setting will be entitled to an exemption from the requirement to pay LAWPRO premiums for the Law Society’s mandatory insurance program. Depending on the employment relationship and the nature of the work, this may not be true. To qualify… Read More »
Categories: 2014 October - Insurance Issue 2015, Articles, Errors & Omissions, LAWPRO policyIs there a deductible for claims under my Run-Off coverage?
You may be one of the many lawyers that were in private practice at one point – but have now retired, opted to work for the government, as in-house counsel, or in another career entirely. Wouldn’t it be great if your exposure to claims ended as soon as you took down your private practice shingle?… Read More »
Categories: 2014 June - Year in Review 2013, 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: 2014 Student Issue 2, Articles, Errors & Omissions, Law students/new lawyers, LAWPRO policy, New LawyersThe LAWPRO $250,000 cybercrime coverage: What it covers and why
As of the 2014 policy year, the LAWPRO mandatory insurance program will include express coverage in the amount of $250,000 for losses related to cybercrime, as defined in the policy. This sublimit (or cap) of coverage provides a modest “safety net” for lawyers in the area of cybercrime exposure. We say modest because like the… Read More »
Categories: 2013 December Cybercrime, Articles, Cyber dangers, Errors & Omissions, LAWPRO policyCyber risk insurance options: Do you have the coverage you need?
The prevalence of cyber-related crime has been steadily increasing for a number of years. Many businesses invest heavily in the necessary IT infrastructure to protect their data, but despite best efforts and intentions, the frequent news stories in the press should serve as confirmation that breaches do occur. The cost implications of having personal or… Read More »
Categories: 2013 December Cybercrime, Articles, Cyber dangers, Disaster Planning, Errors & Omissions, Firm Management, LAWPRO policy2014 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 & Omissions