Starting a new multi-member or solo firm
Whether you’re going solo or starting a new firm with other lawyers, you may find yourself at a loss when it comes to your professional indemnity insurance. How do you set things up? What are your options? This page is designed to get you up and running in no time.
Important dates to add to your calendar regarding real estate and civil litigation transaction levies, renewing your Policy, and the LAWPRO risk management credit filing deadline.
Addtional reading on insurance coverage and starting a firm:
- Why Excess insurance? Celebrating 20 years of the Excess program: LAWPRO is known for being the insurer for Ontario lawyers’ mandatory insurance, but is also the preferred excess insurer for small firms in Ontario. For 20 years it has excelled at providing a competitive product that meets the needs of Ontario lawyers, especially those who have traditionally had the most difficulty obtaining this kind of insurance.
- Does your firm need cyber coverage? A general liability insurance policy may offer only a limited amount of coverage for cyber-related exposures.
- Putting the insurance puzzle together:LAWPRO’s primary Errors & Omissions (E&O) program is a key piece of the insurance puzzle for any lawyer and law firm. But additional insurance coverage is often required to protect against the full constellation of risk faced by a law firm.
- The Law Society of Ontario has an extensive Guide to Opening Your Law Practice which addresses these topics. We have compiled articles and resources from LAWPRO Magazine, our Managing Booklet series, and other resources published over the years to help you with the many decisions you will have to make in taking this major step in your career.