LAWPRO 2020 Program Approved by the Law Society of Ontario
Toronto, ON, September 11, 2019 – LAWPRO is pleased to announce that Convocation of the Law Society of Ontario approved its 2020 insurance program for Ontario insured licensees.
The LAWPRO primary policy is updated each year to address the current environment and risks faced by the Ontario bar. The base premium will remain at $2,950 per insured licensee for 2020 and some definitions have been clarified.
To help insureds determine when to provide notice of a claim or potential claim, the policy will define “circumstances” to be “any circumstances of an alleged, actual, or possible error, omission, or negligent act of which the insured becomes aware, which from the perspective of a reasonable lawyer or law firm could potentially give rise to a claim.” This obligation is in addition to the requirement to provide prompt notice of all actual claims.
The 2020 policy also includes other definition updates for further clarification of underwriting intention.
LAWPRO is owned by The Law Society of Ontario and is licensed to provide professional liability insurance in Ontario and title insurance across Canada. Through its malpractice insurance program, LAWPRO insures over 27,000 practising lawyers and their paralegal partners in Ontario, as well as providing them with risk and practice management information under the practicePRO® banner. LAWPRO’s TitlePLUS® title insurance program is available to Canadian lawyers and Quebec notaries to better meet their clients’ needs for professional legal advice and superior protection for their real estate transactions.
Director of Communications