The Insurance Management Committee manages the Professional Liability Reserve Fund (the “Fund”) established and operated pursuant to the New Brunswick Law Society Act and Rules. The Insurance Management Committee is composed of the following members:
Peter J. Beardsworth (Chair)
Brenda J. Lutz, Q.C. (Vice Chair)
John D. Townsend, Q.C. (Treasurer)
David R. Ames, Q.C.
C. Paul W. Smith
Matthew M. Tweedie
Lyne Raymond, Q.C.
Marylène Pilote, Q.C.
Donna L. MacEwen
The Fund provides the mandatory professional liability insurance program and facilitates the purchase of excess insurance for the benefit of Insured members of the Law Society of New Brunswick through the Canadian Lawyers Insurance Association.
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2019 Pre-authorized Debit (PAD) Agreement (updated July 19, 2019)
Loss Prevention Tips (added July 19, 2019)
2018-2019 Annual Report (added June 24, 2019)
Coverage at a Glance (added February 22, 2019)
Annual Form 25 renewal submissions no longer required (added January 4, 2019)
Request a Certificate of Insurance (added November 7, 2018)
Save Time - Reduce Stress
The Professional Liability Reserve wants to save you money AND save you time from your hectic schedule. One way for you to do that is to pay your insurance levy by signing up for our Pre-authorized Direct Debit (PAD) program.
Switching to our PAD program will save you time and give you the peace of mind to focus on other things, without worrying about forgetting to pay and going through the costly reinstatement process.
With PAD, payments are withdrawn on the first of the month, and you can cancel them whenever you want. PAD provides a secure and convenient payment method for insured members while reducing the time our office spends on administration, so we can provide a better level of service to you.
Unlike most direct debit programs, our PAD program does not apply a service fee. Once the annual premiums are set at renewal time, the premium is divided over twelve installments without any additional cost. Withdrawals proceed on the first day of every month.
PAD transactions are cheaper than using cheques, paying for postage, withdrawing cash over the counter and paying fees every time you withdraw cash from ATMs. You don’t need to do anything other than ensure your account has enough funds to cover the payment when it’s due. In the event of a postal service disruption, your insurance payments continue without worry.
How do you sign up for the PAD program? Please fill out our simple PAD Request form, which you can find here.
Complete and sign the form and return it to our office with a VOID cheque.
If you have any questions about this program, feel free to call us at 506-451-1469.
Loss Prevention Tips
The Professional Liability Reserve wants to help lawyers reduce the likelihood of being sued for malpractice. We will periodically provide you with news, updates and information to assist in your practice. If you have any questions or comments, feel free to contact us.
REMINDER: Under your professional liability insurance policy you have an obligation to report claims made against you, and also an obligation to report any POTENTIAL claims.
Coverage is provided for you, for any claims or potential claims reported: “provided that the Insured had no knowledge before commencement of the policy period of the Claim or potential Claim and could not reasonably have foreseen before commencement of the policy period that a Claim might arise.” (Policy paragraph 4.2)
If you are in circumstances in which a claim might arise against you, please go to our website and complete the Claim Report form found here: Claim Report
Submit a report of a potential claim - Professional Liability Claim Report
Voluntary Excess Policy - New Application Form
Insurance Exemption first application - Form 25
For information on membership and insurance change of status please click here.
Insurance Billing and Payment Options
Council of the Law Society of New Brunswick sets the net insurance fees for the mandatory insurance coverage on an annual basis.
Members have the option of making insurance fee payments in one of the three following ways:
- Default method - Regular quarterly billing with invoices emailed to individual members quarterly, with four equal instalments, due on July 1, October 1, January 1, and April 1.
- Upon request by the member, annual billing with invoices emailed to individual members in one instalment due on July 1.
- Upon request by the member, monthly pre-authorized automatic debit (PAD) from an account with a participating bank or credit union in instalments paid on the 1st day of each month.
- A member must make request in writing by the 20th day of the month to be added to or removed from PAD payments effective the first day of the next month. To be added to PAD payments or change account information, please submit a signed Pre-Authorized Debit Agreement along with a copy of a void cheque.
- If a member fails to fulfill two monthly pre-authorized payments in a policy year, the Insurance Director shall have the discretion to remove the member from the monthly pre-authorized payment plan and return the member to the quarterly payment plan.
All payments that are returned for any reason must be replaced within 10 days. A processing fee of $30.00 plus HST shall be applied to all such payments to cover banking charges.
Three month minimum - Each insured member must have paid three consecutive months of insurance fees prior to being granted an exemption from the professional liability insurance program.
Voluntary Excess Insurance Program
For more information regarding the Voluntary Excess Insurance Program, feel free to contact us via email at firstname.lastname@example.org
New Brunswick Lawyers' Assistance Program
The Lawyers' Assistance Program (NBLAP) is a confidential service offering counselling, coaching and support to respond to any circumstance that affects your health, well-being and professional life. Services are available in person, by telephone or online at no cost to you. Appointments can be made quickly and locally, with your convenience in mind. Register using NBLAP as your company name to access the Homewood website homeweb.ca resources, assessments and articles.
This program is available to New Brunswick lawyers, employees, judges, articling and law students and their families.
For free confidential help call:
Bilingual Service available
24 hours a day 7 days a week