The Alberta Lawyers Indemnity Association (ALIA) recommends that law firms consider purchasing excess coverage for additional protection from the Canadian Lawyers Insurance Association (CLIA).
Excess Professional Liability Insurance
As the value of client matters and transactions increases over time, so does the need to secure adequate levels of errors and omissions insurance.
Excess coverage is effective upon acceptance of your application by CLIA.
CLIA Voluntary Excess Program applications are available at www.clia.ca.
For more information on the CLIA Voluntary Excess Program program and/or excess coverage for retired lawyers, please email ALIA.
Excess coverage is also available through commercial brokers.
It is a requirement of the Group Policy that all claims or potential claims be reported to ALIA during the policy period. Please ensure that any claims or potential claims are reported to ALIA on or before the last day of the policy year, June 30th. When the policy period expires, ALIA, as the Indemnifying Party, shall be free from liability for any claims or potential claims not made and reported during the policy period. The Group Policy sets out when a claim is considered to be made and reported and you should ensure you understand your claim reporting obligations.