The online versions of the policies and endorsements listed below are provided for reference only. In the event of a discrepancy in wording between the online copies and those provided in the Member’s Manual, the wording in the Member’s Manual governs.

The terms and conditions of the Policy are revised annually. Please ensure you are looking at the correct version of the Policy.

Effective June 1, 2021

The Law Society of BC and the BC Lawyers Indemnity Association have purchased a cyber policy to cover most law firms, including coverage for social engineering frauds if the firm properly verifies electronic transfer instructions from clients. As a result, the BC Lawyers Compulsory Professional Liability Indemnification Policy No. LPL 21-01-01 (the “Policy”) has been revised by the Part C Retention and Amendment Endorsements to provide most firms with an excess limit of $325,000 to the cyber program coverage of $175,000 and any other coverage you may have, per claim, lawyer and firm annually, with a profession-wide annual aggregate of $2 million. If a firm loses or does not have coverage, the limit is $500,000 with a 15% deductible.

Current Policy

The 2021 Policy is now available to in-house lawyers and law firms can purchase an optional vicarious liability coverage:

  1. In-house lawyers have the option of paying the annual indemnity fee and participating in the Indemnification Program with all the potential benefits (e.g. part-time fee) and obligations (e.g. surcharges for prior or future paid claims) it entails. The Policy provides coverage for claims brought against the lawyer by third parties. Exclusion 7 has been amended to provide broader coverage to in-house lawyers.
  2. The Business Innocent Covered Party Endorsement is optional coverage designed to protect members and firms against vicarious liability claims arising from a professional liability claim that has been denied due to the “business exclusion” in the compulsory policy.
  3. Amendments to definitions include:
  • the cost of recovery steps or proceedings has been added to the definition of ‘claims expenses; and
  • definitions for ‘costs,’ ‘special costs,’ ‘related organization’ and ‘seconded lawyer’ have been added.

For more information, see Indemnity Issues 2021 No. 1

Previous policies (from 2000)

The 2020 Policy adds one new coverage to Part A: Professional Liability (E&O) and amends some existing language to clarify coverage. Claims reported by email to LIFclaims@lif.ca are now accepted. Reporting guidelines remain the same. For more information, see Indemnity Issues 2020 No. 1.

The 2019 Policy makes minor wording revisions to the definition of “error” and the definition or “professional services.” For more information, see Insurance Issues 2019 No. 1. For your assistance, we also provide this index to the 2019 Policy. Please note the qualifications listed at the top.

The 2018 Policy makes minor wording revisions to Declaration 3 (Limits of Liability) and to the definition of "professional services."  For more information, see Insurance Issues 2018 No. 1. For your assistance, we also provide this index to the 2018 Policy. Please note the qualifications listed at the top.

The 2017 Policy amends Exclusion 11 and creates a new Exclusion 12, renumbers Exclusions 12 through 20, adds Condition 1.16 and amends Conditions 6.1.2, 9.2 and 9.3; and for Part C (trust shortage liability) only, amends the heading and the definitions of "damages" and "errors" (expands coverage). For more information, see Insurance Issues 2017 No. 1. For your assistance, we also provide this index to the 2017 Policy. Please note the qualifications listed at the top.

The 2016 Policy amends the definition of "damages"; and for Part B (trust protection), amends the definition of "compensation program" and removes Exclusion 13. Some changes to reflect the renumbering of the Law Society Rules are also made. For more information, see Insurance Issues 2016 No. 1. For your assistance, we also provide this index to the 2016 Policy. Please note the qualifications listed at the top.

The 2015 Policy amends the definition of "Canadian legal advisor", makes minor wording revisions to the exclusions (other than Exclusions 13, 16, 17 and 21), and for Part A (negligence) amends Insuring Agreements A 2.1.2(b) and adds Insuring Agreement 2.8. Some changes to the format and display are also made. For more information, see Insurance Issues 2015 No. 1. For your assistance, we also provide this index to the 2015 Policy. Please note the qualifications listed at the top. 

The 2014 Policy (consolidated) – incorporates changes to the wording made by endorsement in 2013 and mobility provisions required by the National Mobility Agreement, 2013, and amends Exclusion 12 and Conditions 3, 7 and 10; and for Part B (theft), amends the definition of "compensation program" and provision of Part B. For more information, see Insurance Issues 2014 No. 1.

The 2013 renewal endorsement – renews the 2012 Policy for 2013, adds a statement as required by the Insurance Act, s. 11 (1)(i), amends the definition of "reciprocal jurisdiction" and amends Condition 5.4. For more information, see Insurance Issues 2013 No. 1.

 2012 Policy (consolidated) – introduces trust shortage liability insurance (for reliance on fraudulent certified cheques) (Part C); incorporates changes to the wording made by endorsements in 2010 and 2011; amends the definition of “professional services”; introduces an arbitration provision (Condition 10.2); amends Conditions 4.1, 10.1 and 18; adds headings; and for Part A (negligence), amends the definition of “error,” adds a new exclusion and amends Insuring Agreement A 2.4, Exclusion 11 and Condition 1.2.2. For more information, see Insurance Issues 2012 No. 1.

2011 renewal endorsement – renews the 2010 policy for 2011, amends the definition of “damages”, amends Exclusion 7, Insuring Agreement 2.4, Conditions 4.1, 5.1.1, 5.4 and Condition 18. For more information, see Insurance Issues 2011 No. 1.

2010 endorsement no. 1 – sets out the terms and conditions of coverage for multi-disciplinary practices and for BC members acting as Canadian Legal advisor members of the Barreau du Québec. For more information, see Insurance Issues 2010 No. 1

2010 Policy (consolidated) – amends the definition of "professional services", Conditions 4.1 and 5.4; for Part A (negligence), clarifies allocation of claims expenses; and for Part B (theft), introduces new limits of liability for inter-jurisdictional practice and revises Exclusion 17. For more information, see Insurance Issues 2010 No. 1. 

2009 Policy (consolidated) – incorporates changes to the wording made by endorsements in 2008; makes small editing revisions; for Part A (negligence), amends the definitions of “error” and “professional services”, adds two exclusions and amends Exclusion 14 (formerly Exclusion 12), Conditions 1.3, 3.5 and 9; and for Part B (theft), amends the definition of “damages” and revises Exclusion 17 (formerly Exclusion 15). For more information, see Insurance issues 2009 No. 1.

2008 renewal endorsement – renews the 2007 Policy for 2008, amends the definition of “unauthorized practice”, Exclusions 7 and 8 and Conditions 5.4 and 9.2, and adds new Conditions 3.3 and 19. For more information, see Insurance Issues 2008 No. 1.

2007 Policy (consolidated) – incorporates changes to the wording made by endorsements in 2005 and 2006; for Part A (negligence), amends the description of the deductible, the definition of “damages” and Condition 2.3; and for Part B (theft), clarifies that Part B does not apply either to losses resulting from investments made through lawyers, unless a lawyer misappropriates the funds directly, or to personal loans made to lawyers, and limits recoveries to $300,000 per claim. For more information, see Insurance Issues 2007 No. 1.

2006 renewal endorsement – renews the 2005 Policy for 2006, amends the definition of "personal injury", and amends Insuring Agreement A 3.5 and a provision of Part B. For more information, see Insurance Issues 2006 No. 1.

2005 renewal endorsement – renews the 2004 Policy for 2005, reinstates the aggregate limit for Part A, and clarifies the intent of certain provisions for Part B. For more information, see Insurance Issues 2005 No. 1

May 1, 2004 Policy (consolidated) – introduces "trust protection" coverage for theft (Part B), incorporates changes to the wording made by endorsements issued after 2000, and adds some minor wording revisions. For more information, see Insurance Issues 2004 No. 2.

2004 second renewal endorsement – amends the 2004 Policy period to January 1 to May 1, 2004.

2004 renewal endorsement – renews the 2003 Policy without further change except to specifically reference the Western Law Societies Conveyancing Protocol. For more information on the wording changes, please see Insurance Issues No. 1 – March, 2004.

2003 second renewal endorsement – incorporates mobility provisions required by the National Mobility Agreement.

2003 renewal endorsement – renews the 2002 Policy for 2003, without further changes.

2002 second renewal endorsement – extends coverage to lawyers employed by legal aid and public advocacy groups. For more information, see the excerpt from Benchers' Bulletin, May-June/July-August, 2002.

2002 renewal endorsement – renews the 2001 Policy, extends coverage for approved pro bono services, amends the definition of "additional insured," and amends Exclusions 6.2 and 6.2.3. For more information, see Insurance Issues 2002 No. 1 and approved pro bono services.

2001 renewal endorsement – renews the 2000 Policy, amends the definitions of "Additional Insured" and "damages," and amends Exclusion 6.2.3 and 8. For more information, see Insurance Issues 2001 No. 1

2000 Policy (consolidated) – incorporates changes to the wording made by endorsement in 1998 and 1999, amends the definitions of "common-law spouse" and "error," amends Exclusion 6.2 and 6.2.3, amends Conditions 3.2, 5, 6, 8.1 and 10, and replaces Condition 16. For more information, see Insurance Issues 2000 No. 1.