Category: LAWPRO Magazine
Defending lawyers in court in 2023
Despite any attempts to resolve claims without litigation, sometimes court is inevitable. Every year, LAWPRO steps in to defend licensees from unwarranted lawsuits and accusations. Below are a few examples of defences successfully advanced by LAWPRO in 2023 on behalf of insureds. Sale of business and contract dispute – Alleged failure to flag contractual ambiguity… Read More »
Categories: 2024 April - Year in Review 2023Building our community in 2023
Corporate Social Responsibility at LAWPRO is informed by a spirit of community and accountability, while acknowledging that we are governed and profoundly shaped by our unique role as the provider of the primary professional liability insurance program for lawyers in Ontario. Supporting our future legal community LAWPRO’s efforts and activities to support law students included… Read More »
Categories: 2024 April - Year in Review 2023Moving forward with TitlePLUS
TitlePLUS was completely reengineered in 2021 with new features, policy wording, pricing structure, and website. Since the launch of the “new” TitlePLUS, it continues to evolve, add integrations, and process improvements while providing unmatched comprehensive coverage that is fast and easy to use. 2023 saw some big developments for TitlePLUS including a new leader who… Read More »
Categories: 2024 April - Year in Review 2023, UncategorizedThe confidence client: Survival tips to prevent fraud
In the nineteenth century, American journalists and law enforcement coined the term “confidence artist” to describe a form of fraud that preys on the trust and credulity of its target. The form these frauds took was always changing but relied on the good faith of the target and either a promise of profit or a… Read More »
Categories: 2024 March - The Confidence Client, Articles, Cyber dangers, FraudOne click and you are out $1 million
Could it happen to you? If you have a trust account, then you’re at risk. We are seeing a sharp increase in social engineering fraud against law firms and their clients, where the goal is to divert funds to fraudsters’ accounts. When money gets diverted, the lawyer and/or the client is out of funds. For… Read More »
Categories: 2024 March - The Confidence Client, Articles, Cyber dangers, FraudHow managing your schedule can help you stay well
Decision fatigue is the decline in energy and focus you experience after making decisions or engaging in mundane tasks. This mental drain can cause you to seek immediate rewards, which can lead to poor decision making and inefficient or irrational behavior. Here are five ways you can manage your daily schedule to stay focused and… Read More »
Categories: 2024 March - The Confidence Client, Articles, WellnessClient portals improve information security and client service
What is a client portal? Wikipedia defines the term client portal as “an electronic gateway to a collection of digital files, services, and information, accessible over the Internet through a web browser. the term is most often applied to a sharing mechanism between an organization and its clients.” Why is it important for lawyers to… Read More »
Categories: 2024 March - The Confidence Client, Articles, Firm Management, Legal Careers, Legal TechnologyTitle insurance matters: ‘One of these things is not like the other’
You may recall the title as a lyric from a song in a popular kids show many years ago, reinforcing the benefits of being aware and noticing differences. This same lesson applies when comparing the legal protection coverages offered by other title insurers that compete with the Legal Service Coverage that’s included in TitlePLUS policies…. Read More »
Categories: 2024 March - The Confidence Client, Articles, Real Estate, Title insurance, TitlePLUSYour 2024 program: New portal, new convenience, same reliable insurance
Quick summary of changes: No change to base premium for 2024: $3,250 Automatic renewal for insureds with no changes Increased maximum gross billings per year to qualify for Part-Time Practice Option to $100,000 from $90,000 New sublimit and risk-prevention requirements for claims arising out of social engineering Auto-renewal for 2024 In July of this year,… Read More »
Categories: 2023 October - Insurance Issue 2024Lawyers in private practice, sole practitioners and lawyers in association or partnership in 2024
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 2024), applicable to claim expenses and/or indemnity payments (some exceptions apply).3 Standard deductible: $5,000 per claim, applicable to claim expenses and/or indemnity payments… Read More »
Categories: 2023 October - Insurance Issue 2024