A member of our firm passed away suddenly. What happens to his coverage?
Upon receipt of written confirmation of the above, LAWPRO will cancel the deceased LAWYER’S ongoing primary Professional Liability Insurance practice coverage of $1 million per CLAIM/$2 million in the aggregate under the Law Society of Upper Canada’s mandatory insurance program. Appreciating the time and effort that is required to assess the ongoing insurance requirements of an estate, LAWPRO provides a limited period of increased Run-Off protection in the amount of $1 million per CLAIM/$2 million in the aggregate, at no cost. This coverage will expire 90 days after the date of death and is eroded not only by indemnity payments, but also by CLAIM expenses and costs of repairs. It is subject to a $5,000 deductible per CLAIM and is reduced by any CLAIMS already reported on behalf of the deceased LAWYER while exempt in the past. We encourage you to read the “Insurance Matters for Retired LAWYERS” booklet. It provides further details regarding the standard Run-Off Coverage, but will also g
