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E&O Insurance >Insurance Type >Excess Insurance

Excess Insurance

Eligibility

Optional and available to LAWYERS in private practice or on exemption.

Excess insurance provides an additional layer of insurance protection should your defence and indemnity payments exceed the $1 million per claim/$2 million in the aggregate limits provided by the primary LAWPRO® insurance program.

Coverage

The following limits are above the $1 million per claim/$2 million in the aggregate limits provided under the primary LAWPRO program:

  • $1 million per claim/$1 million in the aggregate
  • $2 million per claim/$2 million in the aggregate
  • $3 million per claim/$3 million in the aggregate
  • $4 million per claim/$4 million in the aggregate
  • $9 million per claim/$9 million in the aggregate
Premiums

LAWPRO's Excess Insurance program is underwritten and rated on an individual firm basis, based on a risk assessment of information you provide in the online Excess Liability Insurance application form. Because Excess Insurance is underwritten on a firm basis, the amount of excess coverage you buy is the total pool of funds available for defence costs and indemnity payments for all LAWYERS in the firm. LAWYERS in your firm therefore would have access to their primary coverage of $1 million per claim/$2 million in the aggregate plus the excess pool, if its limits have not been exhausted by claims from other LAWYERS in your firm. Excess Insurance is available from LAWPRO and in the commercial market.

To apply Complete the online Excess Liability Insurance application form.
  • PDF form
  • The need for excess coverage

    LLPS
    One of the requirements of a Limited Liability Partnership (LLP) is that the partners advise clients about the limited extent of their liability within the LLP under the Partnerships Act. LAWYERS in LLPs will want to be able to reassure clients that the firm - an LLP - carries substantial insurance protection. Excess insurance is one way for you to be able to provide that assurance, and protect yourself against excess exposures -- for your own PROFESSIONAL SERVICES, for PROFESSIONAL SERVICES provided by others under your direct supervision or control, for firm exposures predating the LLP arrangements, and for protection of the LLP firm assets.

    LAW CORPORATION
    Because the traditional protections associated with working in a corporate entity do not exist in a LAW CORPORATION, LAWYERS practising in LAW CORPORATIONS should consider their full potential exposure to claims and related coverage needs.

    To help you better assess your exposure and related insurance coverage needs, see Test your exposure.

    Providing notice to excess insurers

    Almost all excess policies require that notice of claims or incidents that could result in a claim be provided to the excess insurer during the current policy period.

    It is vital that you canvass all members and EMPLOYEE(S) of your firm to ensure that notice of all claims incidents or claims have been provided to current excess insurers prior to December 31 (or the actual expiry date of your current excess policy). Failure to do so could result in a denial of coverage by your excess insurer.

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    Key DatesMore

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

    November 7, 2017
    E-filing deadline: Renewal applications filed online on or before November 7 qualify for a $25 per lawyer e-filing discount applied to the 2018 insurance premium.

    November 14, 2017
    Renewal Application filing deadline: 2018 LAWPRO renewal applications filed after this date will be subject to a surcharge equal to 30 per cent of the base premium.


     

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