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Untangling the myths of excess insurance

from AvoidAClaim

Untangling the myths of excess insurance AvoidAClaim Unfortunately, far too many lawyers do not appreciate their full exposure to claims and how excess insurance could be of benefit to them. Excess liability insurance is intended to provide additional limits over that provided by the underlying (primary) liability policy. For lawyers in Ontario, the underlying insurance which all practising lawyers (not on exemption) carry is the Law Society of Upper Canada’s mandatory insurance program, which has limits of liability of $1 million per claim and $2 million in the aggregate. READ MORE

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