farpbq

Name

farpbq

Legal name

Fonds d'assurance responsabilité professionnelle du Barreau du Québec

Website

https://farpbq.ca

Company type

Private

Founded year

1988

Operating status

Operating

Ownership category

akta.pro rank

Product category

Professional Liability Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Professional Liability (Errors & Omissions) (FSAJADAB)

akta.pro secondary industries

Directors & Officers (D&O) Liability (FSAJADAF), Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD)

Keywords

• Professional liability insurance
• Legal malpractice coverage
• Lawyer insurance fund
• Quebec bar insurance
• Claims handling services

Headquarters

HQ city

Montreal

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Others, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Professional Liability Insurance Premiums: The organization operates as a not-for-profit entity providing professional liability insurance coverage to members of the Barreau du Québec. Revenue is generated through insurance premiums paid by member lawyers, with the mission focused on long-term sustainability rather than profit maximization.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

The Fonds d'assurance responsabilité professionnelle du Barreau du Québec (FARPBQ) is a not-for-profit insurance fund established by the Barreau du Québec to provide mandatory professional liability insurance coverage to lawyers practicing in Quebec. It underwrites professional liability protection (covering claims, defense costs, and settlements arising from professional negligence, errors, or omissions in legal practice) and a separate directors and officers liability coverage, and supports members through subscription, exemption, fund notification, complaint handling, and training services.

Differentiator

Problem solved

Functional benefit

Brands

• Praeventio: Bulletin publication for the Professional Liability Insurance Fund providing information and updates to members.

Products and services

• Professional Liability Insurance
• Directors and Officers Liability Insurance
• Private Complaint and Claims Handling Service

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• SigmundminorOthersSigmund is identified as the web agency that designed and developed the organization's website. This is a vendor relationship for website development and digital services.

Scale indicators1 record

Others

• NABRICO (National Association of Bar Related Insurance Companies): Industry association of which FARPBQ is a member, comprising analogous bar-related insurance entities across North America. Functions as an industry body and knowledge-sharing network rather than a competitor.
• Barreau du Québec: The parent entity and governing body of the Quebec legal profession. Not a peer in the commercial sense, but is the regulatory and organizational counterpart that establishes the mandatory coverage framework FARPBQ operates within.

Direct peers

• Canadian Lawyers Insurance Association (CLIA): Reciprocal insurance exchange providing professional liability coverage to law firms in multiple Canadian provinces. Shares FARPBQ's bar-affiliated, member-funded model and target market of practicing lawyers.
• Attorneys' Liability Assurance Society (ALAS): Mutual professional liability insurer for U.S. law firms, providing E&O coverage on a member-owned basis. Operates a closely analogous model to FARPBQ in terms of serving the legal profession specifically.
• ALPS (Attorneys' Liability Protection Society, A Risk Retention Group): Bar-related professional liability insurer serving lawyers across U.S. states, structured as a risk retention group. Comparable bar-affiliated, member-driven mandate to FARPBQ, with similar E&O, claims, and risk-prevention services.
• LawPRO (Lawyers' Professional Indemnity Company): Ontario's mandatory professional liability insurer for lawyers, structured as a not-for-profit analogous to FARPBQ. Operates the same model — bar-mandated E&O coverage, member-funded, claims administration — making it the closest peer in scope, scale, and mandate.

Broad incumbents

• AXA XL Professional Liability: Large global carrier offering professional indemnity and E&O coverage across multiple professions including legal. A broad incumbent that competes for legal malpractice business outside of mandatory bar-fund mandates.
• Travelers (Professional Liability): Major U.S. P&C carrier with a substantial lawyers' professional liability franchise. Provides commercial E&O coverage to law firms that choose or are required to obtain coverage outside of bar-affiliated funds.
• Hiscox (Professional Liability): Global specialty insurer with a significant professional liability and E&O book, including small-firm and professional services coverage. Competes indirectly with bar-affiliated insurers in markets where lawyers can choose commercial carriers.

Market position

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about farpbq