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LAWPRO Magazine: 2015 September – Insurance Issue 2016
In This Issue of LAWPRO Magazine
Rule 48.14 Transition Toolkit helps you prevent administrative dismissal of actions
The administrative dismissal of actions for delay has caught many lawyers by surprise, and has led to several hundred claims and almost $10 million in claims costs in just three and a half years. On January 1, 2015, a welcome amendment to the administrative dismissal rule – Rule 48 – came into force. The amended… Read More »
2016 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 »
2016 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 »
2016: 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 »
REPCO 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 »
Get 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 »