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Ontario|Services for LawyersOrganizations / Associations 949 The Lawyers' Professional Indemnity Company (LPIC) The Lawyers' Professional Indemnity Company, commonly referred to as LPIC, is an insurance company providing lawyers with professional liability insurance and title insurance. LPIC is headquartered in Toronto and licensed in Ontario, Newfoundland, Nova Scotia and Nunavut.
LPIC was organized and incorporated in 1990 by the Law Society of Upper Canada (LSUC) to provide professional liability insurance to Law Society members. It operated under the control and direction of the Law Society's Finance and Insurance Committee for its first four years.
Since 1995, LPIC has operated as an independent, fully operational insurance company with its own management structure and its own Board of Directors, separate and apart from the Law Society of Upper Canada.
LPIC's insurance policy provides coverage for lawyers for liability resulting from errors, omissions or negligent acts in the performance of or the failure to perform professional services. The summary definition of professional services means "…the practice of the Law of Canada, its provinces and territories and further means those services performed, or which ought to have been performed by or on behalf of an insured in such insured's capacity as a lawyer… and shall include, without restricting the generality of the foregoing, those services for which the insured is responsible as a lawyer arising out of such insured's activity as a trustee, administrator, executor, arbitrator, mediator, patent or trademark agent."
LPIC's operations are governed by the Ontario Insurance Act, the Ontario Corporations Act, and other applicable legislation. For more information, you can contact LPIC in Toronto at (416) 598-5800, or toll-free at 1-800-410-1013, or visit their website at www.lpic.ca.
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