We work to respond to the changing nature of legal services while attempting to match premiums to risk and keep the insurance program financially healthy and fair.
Litigation and real estate have the highest claims costs at 29% and 22% respectively.
% of gross claims costs as at February 28, 2019
Communication errors between lawyer and client continue to be the most common cause of loss, with inadequate investigation, time management, and errors of law following in sequence.
We believe the promotion of mental health is an important part of claims prevention. LAWPRO provides approximately half of the funding for Ontario’s Member Assistance Program (MAP).
The number of claims reported to LAWPRO reached 2,774 continuing an upward trend that started in 2006. Our open claims files total reached a high of just over 4,000 in 2018.
The claims rate per 1,000 lawyers has been relatively steady over the last 10 years.
As at February 28, 2019
237.3% Minimum Capital Test was right on target
LAWPRO takes its commitment to customer service seriously. Every call and email is important to us.
LAWPRO’s focused claims management philosophy sees us resolve claims quickly in situations where there is liability, defend vigorously if the claim has no merit and avoid economic settlements.
Our Excess program insures:
Why consider Excess insurance from LAWPRO?
TitlePLUS helps homeowners understand the value of title insurance and the role of lawyers in real estate transactions.