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E&O Insurance >Practice Type >Partners or Shareholders in Combined Licensee Firms

Insurance for PARALEGAL PARTNER(S) OR SHAREHOLDER(S) in COMBINED LICENSEE FIRMS (CLF)

 

By-Law 6 of the Law Society Act requires that PARALEGAL licensees who are partners or shareholders in COMBINED LICENSEE FIRMS are required to maintain professional liability insurance coverage through LAWPRO.

Eligibility

A person who holds a Class P1 licence (PARALEGAL) is required to maintain insurance against professional liability under a professional liability insurance policy issued by LAWPRO if:

  • The PARALEGAL and one or more LAWYER(S) are in partnership together; or
  • Both PARALEGAL(S) and LAWYER(S) are shareholders in a professional corporation, and
  • The business of the partnership or professional corporation is the practice of law and the provision of legal services in Ontario.

For detailed information on mandatory insurance for PARALEGALS, see By-Law 6, Part II of the Law Society Act.

Coverage

Maximum of $1 million per claim/$2 million in the aggregate coverage for claims brought against you, as defined in the LAWPRO® Policy.

For more information, see private practice.

If you are joining or establishing a CLF as a PARALEGAL partner or shareholder

Once the Law Society of Upper Canada has approved the partnership or professional corporation, a representative of the firm will contact LAWPRO for the Combined Licensee Firm application form.

Once completed by the PARALEGAL, the firm will forward the application form to LAWPRO for processing. When approved, the policy will be put in place and the policy documentation will be forwarded to the PARALEGAL.

Premium Upon our receipt of your completed application form, LAWPRO will individually underwrite the PARALEGAL.
To apply Contact Helen Payne at 416-598-5899 or 1-800-410-1013 or [email protected] to receive the application form or if you have any questions.
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Key DatesMore

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

April 30, 2017
Exemption forms from lawyers not practising civil litigation or real estate and wanting to exempt themselves from quarterly filings are due.

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


 

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