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Category: Insurance & Risk Management

Risk Assessment Visits Now Available to Members.

The purpose of the Risk Assessment Visit is to offer firms, especially solo and small firms (2-5 members) a free, confidential service to assist in identifying areas of risk that have the potential to result in claims under the Lawyers’ Insurance Programme. The Visit is designed to be a constructive, friendly, confidential meeting that can...

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Important – Your Cyber Insurance – Change to Conditions of Coverage

The Law Society arranges mandatory first response cyber insurance coverage for all insured lawyers. However, there has been a significant change in the conditions of coverage.  If you want protection under that policy, there are steps that you must take now. These are the three new conditions: Multi-factor authentication must be enabled on email accounts...

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Do you need Excess Insurance?

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,...

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CYBER INSURANCE NOTICE

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...

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Loss Prevention Tip #52

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...

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Notice of Privacy Incident – Homewood Health

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...

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