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Mandatory Policy

MANDATORY POLICY

If you would like a copy of the Mandatory Policy, please contact us at info@lians.ca.

For more information please refer to the Claim Reporting section on this website.

POLICY PERIOD

The LAWYERS’ PROFESSIONAL LIABILITY INSURANCE GROUP POLICY #30000, is valid from July 1, 2017 to July 1, 2018, both days at 12:01 a.m. Halifax, Nova Scotia local time at address for service shown in the Declarations.

Access to our current insurance policy is limited to practicing insured members of the Nova Scotia Barristers’ Society. To obtain a copy of the LAWYERS’ PROFESSIONAL LIABILITY INSURANCE GROUP POLICY #30000, please contact info@lians.ca.

POLICY

The Nova Scotia Lawyers’ Professional Liability Insurance Group Policy provides basic professional liability insurance (Part A), optional excess insurance (Part B), and a trust protection indemnification policy (Part C).

BASIC PROFESSIONAL LIABILITY INSURANCE

Every practising Nova Scotia lawyer must purchase the Policy. Part A provides each insured lawyer with up to $1 million of coverage for each occurrence, to an annual maximum of $2 million for all errors reported during the year.

FAQS

HOW MUCH IS THE INDIVIDUAL DEDUCTIBLE?

Effective May 1, 2000 the individual deductible was replaced by a surcharge.

  • For any claim paid, a surcharge will be applied to the Insured’s next insurance levy and the insurance levy for each of the four following years
  • The surcharge is 40% of the full practising levy as set for each of the five years following the payment of a claim
  • Each paid claim triggers the surcharge
  • The Insured may be given the option to pay the claim and not have the insurance levy surcharged. If this option is extended to the Insured, they will have a set period of time in which to pay the amount of the claim after which the Society will be notified that the surcharge applies. The time period for paying a claim will not be extended in such a way as to avoid a levy on the next invoice

For example, if a claim was paid in the Policy year 2010/2011, the Insured received a surcharge on the insurance levy of 40% on their 2010/2011 invoice from the Nova Scotia Barristers’ Society. If the insurance levy for 2010/2011 was set at $1887, a surcharge of $754.80 would have been applied. This occurs for each of the five years following the date of the claim payment. The surcharge in each year will vary with the amount of the insurance levy for that year.

HOW MUCH IS THE GROUP DEDUCTIBLE?

$500,000 per occurrence.

HOW DO I MAKE A CLAIM?

Visit the ‘When and How to Report’ page in our ‘Claim Reporting’ section for more detailed information.