LawPRO Home
Twitter Icon LinkedIn Icon Facebook Icon       
E&O Insurance >Insurance Type >Mandatory Innocent Party Insurance

Innocent Party Insurance

Mandatory Innocent Party Coverage (associations, partnerships and LAW CORPORATIONS with more than one LAWYER)

 

Innocent Party Coverage protects members of the public - and thereby you - against the dishonest, fraudulent, criminal, or malicious acts or omissions of present or former partners, associates, employed LAWYERS and firm EMPLOYEE(S). The increased incidence of fraud-related claims also highlights the benefits of Innocent Party Coverage.

Eligibility

Minimum level Innocent Party coverage is required for all LAWYERS practising in association, partnership (including general, MULTI-DISCIPLINE AND/OR COMBINED LICENSEE PARTNERSHIPS and LLP partnerships) or a LAW CORPORATION (with more than one LAWYER).

Coverage

Coverage sublimit: $250,000 per claim/in the aggregate applicable to claim expenses, indemnity payments and/or costs of repairs. Note that one claim with substantial defence costs would quickly erode the amount of funds available for indemnity.

This $250,000 sublimit coverage is provided within the primary insurance program coverage limits, and not in addition to the $1 million/$2 million coverage in place under the mandatory insurance program.

Premium $250 per insured LAWYER per POLICY PERIOD
Key DatesMore

On or about October 2, 2017
LAWPRO online filing of Professional Liability Insurance renewal applications for 2018 is expected to begin. If you wish to file a paper application instead of filing online, please note that paper renewal applications will not be automatically mailed out, but it is expected that you will be able to download a 2018 pre-populated paper renewal application from our website starting on or about October 2, 2017.

October 31, 2017
Real estate and civil litigation transaction levies and forms are due for the quarter ended September 30, 2017.


 

© 2017 Lawyers' Professional Indemnity Company (LAWPRO). All Rights Reserved.

Privacy  |  Legal  |  Terms & Conditions  |  Refunds & Returns  |  Feedback  |  Accessibility  |  Anti-Spam