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Category: Insurance & Risk Management

Notice to PI Members – Real Estate Fraud

Fraud in real estate transactions is a growing area of concern. The following examples show how two of the more common types of fraud- identity fraud and value fraud- may occur. We have also provided you with some red flag indicators and some loss prevention tips to assist you in avoiding a potential insurance claim....

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Risk Assessment Visit

We are pleased to announce that a loss prevention initiative, a Risk Assessment Visit, is 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 potential to result in claims...

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Loss Prevention Tip #7

LOSS PREVENTION TIP 10 Tips for Safe Pro Bono Access to justice is an ongoing problem across Canada and the call is out for lawyers to contribute to the solution. The Canadian Bar Association’s Task Force on Access to Justice issued a final report, Envisioning Equal Justice. The Task Force set targets to bridge the...

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Loss Prevention Tip #6

Loss Prevention Tip Identifying Fraudulent Scams Lawyers in all areas of practice continue to be the targets of bad cheque scams. Fraudsters retain the firm on a contrived legal matter so that they can run a counterfeit cheque or bank draft through the firm’s trust account and walk away with real money. Don’t be complacent...

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New Loss Prevention Initiative

We are pleased to announce that a new loss prevention initiative, a Risk Assessment Visit, is 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 potential to result in...

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Loss Prevention Tip #5

Loss Prevention Tip Email Management Email has become the preferred way lawyers and clients communicate – but are you documenting these communications properly? Here are some common mishaps to avoid: Not saving your email in your document management system or on your server. This is important not only from a document management perspective but also...

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Excess Insurance Option for Practising Insured Members

Re: Excess Insurance Options As you know, practising lawyers in Newfoundland and Labrador have mandatory insurance coverage of $1 million. Recent claims experience demonstrates that $1 million in insurance coverage is no longer sufficient, especially when the mandatory limit not only includes damages but also defence costs. Costs to defend claims are ever-increasing. Lawyers and...

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Professional Liability Insurance and Cyber Coverage

Did you know that your Lawyers’ Professional Liability Insurance Group Policy with the Canadian Lawyers Insurance Association (CLIA) has what is generally referred to as a “cyber coverage” exclusion. Condition 3.9.1 of your Insurance Policy excludes “claims arising out of or from damage to or loss of use of tangible or intangible property, loss of...

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