LAWPRO Errors and Omissions Coverage
Steps to take when leaving your current law firm
Lawyers who change firms, contact information, or practice status should notify both LawPRO and the Law society separately of these changes because LawPRO and the Law society maintain separate information databases. Joining a new firm Send an email to LAWPRO Customer Service ([email protected]) and include your new contact information and the effective date of the… Read More »
Categories: LAWPRO Errors and Omissions CoverageDoes your malpractice policy cover individual lawyers or the law firm?
Have you ever wondered why LAWPRO’s policy for the Law Society of Upper Canada insurance program (the “primary policy”) insures lawyers on an individual basis while excess insurance is issued on a firm-wide basis? Most Ontario lawyers have probably never considered this question. And while it may seem to be a rather subtle distinction, the… Read More »
Categories: LAWPRO Errors and Omissions CoverageDoes title insurance bring benefits to the primary professional liability program?
We all know that notwithstanding the rise of title insurance in Ontario, claims arising from real estate practice are still a large (and in many years, the largest) exposure for the primary professional liability program that LAWPRO provides for the Law Society’s lawyer-licensees (the “E&O program”). We have explored why in other articles and settings…. Read More »
Categories: Real Estate, The TitlePLUS Program & Title Insurance, LAWPRO Errors and Omissions CoverageExcess insurance offers peace of mind to lawyers and law firms
Would your exposure on a negligence claim be over the individual lawyer’s $1 million per claim or $2 million in the aggregate limits offered under the LAWPRO policy for the Law Society of Upper Canada program (the “primary policy”)? Excess insurance – insurance that covers you for claims after the limits under the primary policy… Read More »
Categories: LAWPRO Errors and Omissions CoverageExcess Insurance: More necessary than you may believe
Who should be thinking about the need for excess insurance? Everyone. As the complexity of claims increases, more lawyers are recognizing that their potential exposure to risk may be larger than they anticipated. To protect themselves and their law practices, they are turning to excess insurance to provide an extra layer of malpractice insurance protection…. Read More »
Categories: LAWPRO Errors and Omissions CoverageExcess coverage: What checks and balances are in place for trust accounts?
The following are some of the questions you may want to ask yourself to help assess whether or not you should secure additional insurance coverage limits. When reviewing these questions and assessing your exposure, remember to factor in both potential defence costs and interest payments, as well as actual damages. Depending on how long it… Read More »
Categories: LAWPRO Errors and Omissions CoverageCross-border selection of lawyers: Issues to consider
When you shop for a contractor for a home renovation, you are often reminded about the need to ensure your contractor has third party liability insurance and workers’ compensation insurance – just in case. Do you ask that same question when you shop for a lawyer outside of Ontario? Do you remember to ask if… Read More »
Categories: LAWPRO Errors and Omissions CoverageExcess coverage: Do I share exposure for the work of others outside the firm?
The following are some of the questions you may want to ask yourself to help assess whether or not you should secure additional insurance coverage limits. When reviewing these questions and assessing your exposure, remember to factor in both potential defence costs and interest payments, as well as actual damages. Depending on how long it… Read More »
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