LAWPRO Errors and Omissions Coverage
Four things that can lead to a denial of coverage under your LAWPRO policy
Insurance is different from other types of contracts. Besides the ongoing obligations (as described in the policy’s terms and conditions) that exist between the insurer and insured, there is also a duty of utmost good faith (uberrimae fidei, for you Latin fans). Just as an insurance carrier can’t act in bad faith in denying a… Read More »
Categories: LAWPRO Errors and Omissions CoverageThe LAWPRO $250,000 cybercrime coverage: What it covers and why
As of the 2014 policy year, the LAWPRO mandatory insurance program will include express coverage in the amount of $250,000 for losses related to cybercrime, as defined in the policy. This sublimit (or cap) of coverage provides a modest “safety net” for lawyers in the area of cybercrime exposure. We say modest because like the… Read More »
Categories: LAWPRO Errors and Omissions Coverage, Fraud PreventionLAWPRO insurance coverage: Know your limits
Knowing your limits may sound like sobering advice, but for lawyers in private practice, knowing the limits of your insurance coverage can help you manage risk. Limits per claim, and limits in the aggregate There are two general types of limits: per claim (the maximum amount payable for any one claim within a policy year)… Read More »
Categories: LAWPRO Errors and Omissions CoverageSo you want to start an A2J initiative? Here’s what you need to know about insurance
Lawyers and others in Ontario continue to conceive and champion initiatives aimed at bringing justice into the public’s reach. LawPRO is committed to supporting that innovation, and is eager to participate in the A2J conversation. This article outlines our perspective. Why an insurance perspective? Crucial for many A2J initiatives is finding lawyers who want to… Read More »
Categories: LAWPRO Errors and Omissions CoverageLawyers: (Safely) make your own dent in the affordability barrier
Removing the barriers that stand between ordinary Ontarians and legal remedies will be a complex, long-term exercise. However, setting aside a few hours to do pro bono work is one way for lawyers to make a meaningful individual contribution to the bigger picture. LawPRO eases the decision to offer uncompensated services by offering lawyers special… Read More »
Categories: LAWPRO Errors and Omissions CoverageThe facts on the overdraft protection in the LAWPRO policy
The expanded protection against counterfeit bank instruments was announced by LAWPRO in October 2009. This column by Kathleen Waters, President & CEO of LAWPRO, was in response to calls and emails form lawyers seeking clarification of how this coverage works. 1. This is an enhanced protection The Law Society insurance program has generally provided protection… Read More »
Categories: Fraud Prevention, LAWPRO Errors and Omissions CoverageThe Kenora gambit: Why it pays to know Ontario has two time zones
Did you know Ontario has two time zones? Veteran Claims Counsel Doug Scott was able to exploit that fact to help one of our insureds “repair” a problem and avoid a claim. Late one afternoon, Doug took a call from a frantic Toronto area lawyer who explained that a limitation period to sue on a… Read More »
Categories: LAWPRO Errors and Omissions Coverage, Limitations ClaimsWhen you do legal work involving foreign law or lawyers: Are you covered?
Lawyers and their clients are more mobile than ever before. With the Internet, easy international travel and a global economy, relationships and business transactions – and legal matters and disputes – frequently cross international borders. Handling matters that involve foreign law can increase the risk that you will face a malpractice claim, and can have… Read More »
Categories: Risk Management Strategies, LAWPRO Errors and Omissions Coverage