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Risk Management Credit

LAWPRO® Risk Management Credit reduces Premiums up to $100

LAWPRO Risk Management program



Would you like to hone your legal skills, learn new strategies and techniques, reduce your exposure to claims, and lower your 2017 insurance premiums? LAWPRO's Risk Management Credit program makes all this possible.

LAWPRO believes it is critical for insureds to incorporate risk management strategies into their practices, and that the use of risk management tools and strategies will help reduce claims.

To encourage participation in CPD programs that include risk management content, LAWPRO will offer a $50 Premium Credit (to a maximum of $100) for each CPD qualifying program you complete by mid September. To qualify, you must complete the online Declaration on LAWPRO's website by September 15, 2016. The maximum $100 credit will be applied to your 2017 insurance premium. You are also eligible for the Risk Management Credit if you chair or speak at a qualifying program, provided you attend the entire session. The Risk Management Credit is applicable to Standard coverage, and cannot be applied to Run-off or Excess policy premiums.

LAWPRO is working closely with the Law Society, the Ontario Bar Association, the Canadian Bar Association, Federation of Ontario Law Associations (FOLA), the County of Carleton Law Association and other local law associations, The Advocates' Society, Ontario Trial Lawyers Association, Osgoode Professional Development and other not-for-profit CPD providers to create programs that will qualify for the LAWPRO Risk Management Credit. CPD Programs offered internally by law firms (for firm lawyers and/or clients) may also qualify for the Credit, provided they meet all other eligibility requirements, and are submitted to LAWPRO for approval. Usually a detailed agenda listing topics and speakers is sufficient. To qualify for this credit, a course must include a risk management component and be submitted to LAWPRO for approval. Only programs submitted by CPD providers or law firms in advance for review by LAWPRO will be considered for approval. To qualify for this credit, a program must address areas of law where there are claims and include a risk management component. LAWPRO reserves the right to request that a speaker designated by LAWPRO and/or LAWPRO materials be included in approved programs. Programs will be approved at LAWPRO's sole discretion.

Promotional literature for qualifying programs will carry the LAWPRO "seal" of approval; a list of qualifying programs is posted on the LAWPRO website at www.LAWPRO.ca/clecredit/CLE_List.aps.

Requirements for Designation as a Qualifying Program

To be designated as qualifying for the LAWPRO Risk Management Credit, CPD programs must:

  1. provide a minimum of 90 minutes of education/instruction; and
  2. have a significant intellectual or practical component, with the primary objective being to increase the participant's professional competence as a lawyer and his/her ability to deliver quality legal services; and
  3. address areas of law where there are claims and include content that specifically focuses on risk management and claims prevention; and
  4. include detailed written materials.
For the purpose of qualifying, content that has a specific focus on risk management and claims prevention will include information that will assist lawyers:
  1. in appreciating the nature, cause and frequency of malpractice claims;
  2. in understanding and assessing continuously what can go wrong (i.e. what the risks are);
  3. in determining which risks demand the most attention; and
  4. in implementing strategies to deal with and eliminate those risks.

Getting the Credit Applied to your 2017 Premium

To obtain the full LAWPRO Risk Management Credit, each member must complete two qualifying programs, and complete an online Declaration by midnight on September 15, 2016. Any credit obtained for programs completed prior to this deadline will be applied to the 2017 insurance premium (it will automatically appear on the 2017 invoice).

You can claim the credit for participating in an approved CPD program via a live or archived webcast, provided you watch the entire program and have a copy of the program materials. You are also eligible for the Risk Management Credit if you chair or speak at a qualifying program, provided you attend the entire program. Completing 3 new modules of the Online COACHING Centre (OCC) also qualifies for one $50 premium credit per year. Completing one Homewood e-Learning course through the Law Society's Member Assistance Plan (www.myassistplan.com) also qualifies for one $50 premium credit. Insureds must complete a new e-Learning course each year they claim the credit. In any given year you can claim $50 for completing an e-Learning course.

Individuals who chair or are speakers at qualifying programs are eligible to receive the premium credit, provided they attend the entire program.

Completing 3 modules of the Online COACHING Centre (OCC) qualifies for one $50 premium credit. However, insureds must complete three new modules each year they claim the credit. In any given year you can claim $50 for completing 3 OCC modules.

Completing one Homewood e-Course through the Law Society's Member Assistance Plan (www.myassistplan.com) also qualifies for one $50 premium credit. Insureds must complete a new e-Course each year they claim the credit. In any given year you can claim $50 for completing an e-Course.

To learn more about this new program, contact LAWPRO Customer Service by email: service@LAWPRO.ca, or call 416-598-5899 or 1 800 410-1013.

Key DatesMore

July 31, 2016
Real estate and civil litigation transaction levies and forms are due for the quarter ended June 30, 2016.

September 15, 2016
File your LAWPRO Risk Management Declaration by this date to qualify for the $50 premium discount on your 2017 premium for each LAWPRO-approved CPD program (to a maximum of $100) completed by this date.


 

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