The Lawyers’ Insurance Programme (LIP) of the Law Society of Newfoundland and Labrador administers in-house for members the Society’s mandatory professional liability insurance policy, the excess insurance plan and the Assurance Fund.

LIP is a member of the Canadian Lawyers Insurance Association (CLIA), a reciprocal insurance exchange. It provides professional liability insurance for practicing lawyers in seven provinces and the territories.

Through the LIP’s affiliation with CLIA, it is able to provide lawyers in this province with:

• a reliable and permanent source of insurance
• stable premiums in the mandatory insurance layer;
• reasonably priced and effective excess insurance with excess limits of $1m to $9m;
• premium rates that reflect the loss experience of Canadian lawyers.