Legal Professional Liability


BINKS_Professional-Liability-Insurance-for-Lawyers

 

 

 

 

 

 

 

 

 

Legal Professional Liability

As our society grows in complexity, so does the role of our legal professionals and the potential liabilities they face. Errors and Omissions (E&O) insurance protects legal professionals against allegations of errors, omissions and negligent acts.

Eligibility

The following provides examples of a few of the legal professions eligible for E&O insurance:

  • Adjudicators/Arbitrators
  • Bailiffs
  • Court reporters
  • Lawyers
  • Mediators
  • Paralegals
  • Patent and trademark agents
  • Registry offices
  • Process servers
  • Title searchers

Coverage Details

Policy Form – The insurance is written on a claims-made and reported basis
Policy Period – Annual and multi-year policies
Capacity – Limits up to $5,000,000 with many attractive deductible options (higher limits also available upon request)
Territory – Services rendered anywhere in the world, however, suits or judicial proceedings must first be brought against the insured in Canada (coverage for suits brought worldwide also available upon request)

Policy Features

Lawyers:

  • Coverage applies directly in excess of provincial law society or the Professional Liability Insurance Fund of the Barreau du Québec
  • Coverage for predecessor firms
  • Broad definition of insured
  • Broad definition of insured services
  • CGL insurance is available for E&O policyholders

Additional Coverages Available

Commercial Umbrella Liability –  New!
Security and Privacy Liability Coverage Endorsement – New!
Employment practices wrongful act liability coverage endorsement available for firms with less than 50 employees

Submission Requirements

A completed profession-specific E&O application form (see list below) or a completed generic Errors and Omissions Insurance application form

Profession-specific applications:

  • Lawyers’ excess
  • Paralegals
  • Patent and trademark agents
  • Registry agents

 Contact us today to obtain an application! Call Harry Binks at 613-226-1350 or e-mail him at h.binks@binks.ca