The base program described below is the starting point of your policy. With coverage of $1 million per claim/$2 million in the aggregate, both you and your clients can have the peace of mind of knowing that coverage is available to you in the event of an error or omission in your professional services.
Who requires this coverage?
You are required to have this coverage if you are a sole practitioner, a lawyer practising in association or partnership, or a lawyer practising in a law corporation and providing services in private practice.
There may be circumstances in which you qualify for exemption (e.g. retired lawyers, in-house corporate counsel, government lawyers, educators and lawyers not in private practice) but may opt to purchase the base program coverage. It is also available to non-lawyer partners in a multi-discipline and/or combined licensee partnerships.
If you are on a temporary leave of absence from practice you are not required to pay the insurance premium. For detailed information on the criteria that apply to lawyers on temporary leave of absence, see the exemption eligibility.
How much coverage do I have?
The LAWPRO policy provides a maximum of $1 million per claim and $2 million in the aggregate coverage for claims brought against you. The policy limits apply to both claims expenses and indemnity payments together. Higher limits are available from our Excess insurance program.
What is my deductible?
The standard deductible is $5,000 per claim. It is applicable to claim expenses, indemnity payments and/or costs of repairs together.
Other deductible options are:
- Deductible ranging from $NIL to $25,000 (some restrictions apply).
- Deductible can apply to both claim expenses and indemnity payments, or to indemnity payments only.
Your premium will depend on the deductible option selected. If you are practicing in partnership or association with other lawyers, you are required to all have the same deductible. For more details see our page on deductible options.
What is my premium?
The base premium for 2018 is $2,950 per insured. However, changes you make to the deductible, additional practice options you choose, and whether you require mandatory Innocent Party Coverage will determine your own particular premium.
How to apply
Complete an application in My LAWPRO.
I practice with other lawyers. Do I need additional coverage?
If you are practising in an association, partnership (including general, multi-discipline partnership and/or combined licensee firm and LLP partnerships) or a law corporation (with more than one lawyer), you must purchase the minimum mandatory Innocent Party Coverage, which protects members of the public – and thereby you – against the dishonest, fraudulent, criminal, or malicious acts or omissions of present or former lawyer partners, associates, and employees of the firm.
For more information on this mandatory coverage see our page on Innocent Party Coverage.