LAWPRO policy
Your 2018 insurance program
Quick summary: Base premium for 2018: $2,950 Part-time practice billing limit updated Innocent Party/Partner levy reduced No more civil litigation transaction levies for family law matters Civil litigation transaction levy increased to $100 Base premium stable The base premium for 2018 will remain unchanged at $2,950. Claims management and cost containment efforts are expected… Read More »
Categories: 2017 September - Insurance Issue 2018, Articles, Content Type, Errors & Omissions, LAWPRO policyDon’t let claims follow you into retirement
Lawyers often approach retirement feeling good about their legacy. Whether you devoted your efforts to crafting airtight contracts, supported clients as they worked toward mediated settlements, or stood up for the rights of those who needed you, you’re entitled to feel proud of your accomplishments. Looking back, however, may heighten your awareness of just how… Read More »
Categories: 2017 August Managing Change, Articles, Content Type, Errors & Omissions, LAWPRO Magazine, LAWPRO policy, Legal CareersAre individuals acting as general counsel to their law firms required to have LAWPRO insurance?
While general counsel have been commonplace in corporate settings for years, it is now becoming more common for law firms to have someone working in a “general counsel” capacity. There is a wide variety in the types of work done by law firm general counsel. Among other things, it can involve advice on human resources… Read More »
Categories: 2017 May - 2016 Annual Review, Articles, FAQs, LAWPRO policyDoes my LawPRO insurance cover assumed risks?
There are different types of risks that can lead to claims against lawyers: those that develop from errors or omissions, those that arise through intentional wrongdoing, and those that lawyers willingly accept for themselves. A lawyer’s professional indemnity (E&O) policy is intended to respond to claims arising from a lawyer’s error, omission or negligent act… Read More »
Categories: 2017 February Neuroscience, Errors & Omissions, LAWPRO Magazine, LAWPRO Magazine Article Type, LAWPRO policyUnderstand how changing your practice status affects your insurance needs
A few of our most common questions about changes to practice status I may be taking a leave of absence from my practice. Do I have to continue to purchase insurance coverage? If you are planning a temporary leave from practice, you may become exempt from the requirement to buy insurance. If you meet the… Read More »
Categories: 2017 February Neuroscience, FAQs, LAWPRO Magazine, LAWPRO Magazine Article Type, 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: 2017 Student Issue No 5, Articles, LAWPRO policy, New LawyersProgram changes for 2017
Quick summary: Base premium for 2017: $2,950 (reduced from $3,350) Your coverage while working on secondment Lawyers employed by designated government agencies Reports to the Law Society of Upper Canada Auto-renewed policies to reinstate certain coverage options Base premium reduced For 2017, the base premium will be set at $2,950 per member, a reduction of… Read More »
Categories: 2016 October - Insurance Issue 2017, LAWPRO Magazine, LAWPRO policy2017 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. Standard deductible: $5,000 per claim, applicable to claim expenses, indemnity payments… Read More »
Categories: 2016 October - Insurance Issue 2017, Articles, LAWPRO policy2017 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: 2016 October - Insurance Issue 2017, Articles, Errors & Omissions, LAWPRO policyOn parental leave from your private practice? Relax, you’re covered
Lawyers about to become parents sometimes ask about their coverage while on parental leave. The answer is simple: if a lawyer was in private practice before taking the leave and was covered under the Program policy, and then suspends private practice for “family (or illness) reasons” (with intention to return) for up to five years,… Read More »
Categories: 2016 October - Insurance Issue 2017, Articles, Errors & Omissions, LAWPRO policy