Paralegals who provide legal services to the public must carry paralegal professional liability insurance in accordance with Law Society of Ontario By-Law 6, Part II, section 12 (1).
Policy Limits
$1,000,000 Per Claim / $2,000,000 Aggregate
Identity Fraud Expense Reimbursement Endorsement
$5,000 Limit / $5,000 Aggregate / $500 Deductible
Privacy Breach Expense Endorsement
$5,000 Limit / $5,000 Aggregate / $500 Deductible
Extended Reporting Period Endorsement
90 Days included in the premium
Cancellation Notice 60 days
as required by the Law Society of Ontario
Includes coverage for Notary Services upon request
Third Party Bond
Paralegal firms with two (2) or fewer paralegals:
$5,000 limit / $500 deductible
Paralegal firms with three (3) or more paralegals:
$10,000 limit / $1,000 deductible
Extended Reporting Period Coverage
Available to purchase for up to six (6) years (subject to approval)
Commercial General Liability Coverage
Limit $1,000,000 Per Claim / $1,000,000 Aggregate / $2,500 Deductible
