LAWPRO Errors and Omissions Coverage
2015 Annual Review issue of LAWPRO Magazine
Stable. Advice. Trustworthy. Security. Professional. Coverage. The words that appear on the cover of the May 2016 issue of LAWPRO Magazine describe how LAWPRO served its insureds in 2015. An insurance company can call itself a success if it provides stability in an unpredictable environment. Insurance allows the economy to grow by providing a place… Read More »
Categories: The TitlePLUS Program & Title Insurance, LAWPRO Errors and Omissions CoverageExcess coverage: Does the work of my present and former partners and associates, and that of employees in my current firm and any past firms, expose me to claims now and in the future?
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 CoverageExcess liability coverage: Frill or necessity?
No one, no matter what area of law they practise, is immune to a claim. You also run the risk that the claims made against you in any one year could exceed the $1 million per claim/$2 million in the aggregate policy limits of the primary LAWPRO insurance program. Excess Liability Insurance provides you with… Read More »
Categories: LAWPRO Errors and Omissions CoverageWhy you don’t (but should) think about Excess insurance
If you are relying on only the coverage offered under LAWPRO’s mandatory insurance program to satisfy claims that may be made against you, you may be at financial risk.
Categories: LAWPRO Errors and Omissions CoverageHave you considered Excess insurance?
With claims costs on the rise, the time may be right for you to consider purchasing Excess insurance. It only takes one claim to seriously dent your coverage limits, and Excess insurance acts as a backstop should you hit the policy limit under your mandatory plan. Consider these facts: One out of every two lawyers… Read More »
Categories: LAWPRO Errors and Omissions CoverageThe 2016 LAWPRO Magazine student issue is out
The 2016 Student Edition of LAWPRO Magazine (“Moving Into Practice”) is now online and will be arriving in Ontario law schools in the next few weeks. Its the fourth LAWPRO Magazine issue focused on providing students with resources to make the transition from student to lawyer. It also serves as an introduction to LAWPRO and… Read More »
Categories: Legal Technology, LAWPRO Errors and Omissions Coverage, Practice Aids, Career Management, Wellness and BalanceLAWPRO Magazine archive: Representing the snowbird client
You receive a voicemail message at your law office from a longtime client who is calling from his temporary home in Florida. He is one of many retired or semi-retired Canadians who prefer to spend extended periods of time in warmer climates over the winter months. This species of Canadians who migrate south for the… Read More »
Categories: LAWPRO Errors and Omissions CoverageLAWPRO defends lawyers: Opposing inappropriate expansion of lawyer’s scope of responsibility
Advising clients of their rights on a legal matter is a significant responsibility and lawyers have a duty to discharge it with competence and care. But when defending a negligence claim where clients seek to hold lawyers accountable for the unfavourable results of their own business or strategic decisions, LAwPRO’s defence counsel don’t hesitate to… Read More »
Categories: LAWPRO Errors and Omissions Coverage, Civil Litigation