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LAWPRO Magazine: 2019 September – Insurance Issue
In This Issue of LAWPRO Magazine
Quick summary of 2020 policy and key dates
Base premium unchanged for 2020: $2,950 No change to transaction levies Clarification of circumstances in which notice must be provided Clarifications to definitions of “spouse” and “dishonesty” under the policy How to renew your insurance You need to renew your insurance for the 2020 year. It will not happen automatically. Visit my.lawpro.ca to e-file your… Read More »
Your 2020 program: Simple, clear, stable
Base premium unchanged LAWPRO is once again pleased to report that the base premium will remain unchanged at $2,950 for 2020. When LAWPRO was handed responsibility for providing E&O insurance in 1994, the premium was $5,600. In fact, if inflation were removed, today’s premium of $2,950 would be the equivalent to about $1,835 in 1995… Read More »
Frequently asked questions regarding renewing your coverage (2020)
Q. How do I renew my insurance coverage? A. Filing your renewal application online is quick and easy: 1) Go to lawpro.ca and click on the yellow “LOGIN” box on the right hand side of the page 2) Log in with your Law Society number and confidential online password. If you cannot remember that password… Read More »
2020 insurance coverage for lawyers in private practice
Standard insurance coverage The base program Eligibility: Required of all lawyers¹ providing services in private practice.² Coverage limit: $1 million per claim/$2 million in the aggregate (i.e., for all claims made in 2020), applicable to claim expenses, indemnity payments and/or costs of repairs together. Standard deductible: $5,000 per claim, applicable to claim expenses, indemnity payments… Read More »
2020 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 »