The current professional liability insurance policy for practicing members expires on June 30, 2022. This means that before June 30, you must report any potential problems that you know about now which might possibly, at some point in the future, give rise to an insurance claim against you. So, if you think you might have...
Read More...Lawyers often ask if they have enough insurance. All insured lawyers in the province of Newfoundland and Labrador have mandatory insurance coverage of $1 million per claim with an annual aggregate limit of $2 million. The $1 million per claim limit means if a disgruntled former client presents a claim against you between July 1,...
Read More...Why do you need cyber insurance? If you use the internet in any capacity, you and your law firm are targets for a cyber-attack. Cyber-attacks are unwelcome attempts to steal, expose, alter, disable, or destroy information through unauthorized access to computer systems. Cyber insurance provides coverage for lawyers and law firms who may fall victim...
Read More...The Supreme Court of Canada recently held that limitation periods begin to run when the plaintiff knows, or ought to know, the material facts upon which a “plausible inference of liability” on the defendant’s part can be drawn. Don’t delay filing your Statement of Claim because you are waiting for perfection, as some details can...
Read More...Warning re Private Mortgages in Real Estate The following is an excerpt from a fraud warning recently posted to the AvoidAClaim website (provided through LAWPRO, a malpractice insurance carrier for Ontario lawyers), with a scenario that could also threaten Newfoundland and Labrador lawyers: “In a hot real estate market fraudsters are even more motivated than usual – there...
Read More...As set out in the notice of July 23, 2021, Homewood’s Employee and Family Assistance Program was the victim of a cyber security incident involving unauthorized access to its computer systems. An exhaustive investigation has been completed with the assistance of a leading national cyber-security firm. Description of Incident The data incident involved unauthorized access...
Read More...The Lawyers’ Insurance Programme has become aware of a cyber incident in which a fraudster hacked into an email account of an assistant at a St. John’s law firm. The fraudster was apparently monitoring the emails of a real estate closing and when the matter was almost completed and money about to change hands, the...
Read More...Beware – law firms are often targets of email hackers and they could be reading your emails right now! In one case, a firm’s email system was compromised and a hacker was reading their emails. The firm didn’t become aware until the hacker demanded a ransom. While no ransom was paid, other firms or their...
Read More...You can now request the 2021-2022 Cyber Coverage Policy via email at insurance@lsnl.ca. We encourage members and firms to review and consider all of the insurance policy’s terms and conditions. We also want to remind you of one exclusion in particular: [The Insurer] shall not be liable for any claim directly or indirectly arising out...
Read More...Get Cyber Safe is a national public awareness campaign created to inform Canadians about cyber security and the simple steps we can take to protect ourselves online. Members may find helpful tips at Get Cyber Safe Guide for Small and Medium Businesses. Learn how to stay safe on-line by: Securing your accounts and learning how...
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