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E&O Insurance >Practice Type >Private practice

Private practice

The base program

Eligibility

Required for all SOLE PRACTITIONER(S), LAWYERS practising in association or partnership, and LAWYERS practising in a LAW CORPORATION, who are providing services in private practice.

Available to LAWYERS on exemption (e.g. retired LAWYERS, in-house corporate counsel, government LAWYERS, educators and LAWYERS not in private practice) who opt to purchase the base program coverage. Also available to non-lawyer partners in a MULTI-DISCIPLINE AND/OR COMBINED LICENSEE PARTNERSHIPS.

LAWYERS who qualify and apply for the temporary leave of absence exemption are not required to pay the insurance premium. For detailed information on the criteria that apply to LAWYERS on temporary leave of absence, see Exemption Eligibility

Coverage

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

DEDUCTIBLE

Standard DEDUCTIBLE is $5,000 per claim, applicable to claim expenses, indemnity payments and/or costs of repairs together.

DEDUCTIBLE options

  • DEDUCTIBLE(s) ranging from $NIL to $25,000 (some restrictions apply) are available.
  • DEDUCTIBLE(s) can apply to both claim expenses and indemnity payments, or to indemnity payments only.
  • Premiums depend on the DEDUCTIBLE option selected.

For details see DEDUCTIBLE options.

Premiums

Base premium for 2017 is $2,950 per insured LAWYER, plus any Real Estate and/or Civil Litigation Transaction Levy Surcharges which are applied as premiums. LAWYERS who do not practise real estate or litigation law can annually exempt themselves from filing the Real Estate and/or Civil Litigation Levy Surcharges quarterly forms.

For details see:
 

Mandatory Innocent Party Coverage

(Associations, Partnerships and LAW CORPORATIONS)

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 details see Innocent Party Insurance

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Key DatesMore

September 15, 2017
File your LAWPRO Risk Management Declaration by this date to qualify for the $50 premium discount on your 2018 premium for each LAWPRO-approved CPD program (to a maximum of $100) completed by this date.

On or about October 2, 2017
LAWPRO online filing of Professional Liability Insurance renewal applications for 2018 is expected to begin. If you wish to file a paper application instead of filing online, please note that paper renewal applications will not be automatically mailed out, but it is expected that you will be able to download a 2018 pre-populated paper renewal application from our website starting on or about October 2, 2017.


 

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