Professional Indemnity Top Up Insurance for LPLC Insured Firms (VIC)

For law firms and sole practitioners alike, it is critical that the limit of cover offered under your Professional Indemnity insurance policy is adequate for your business.

A claim against your firm for an alleged error or omission, particularly when it involves a large or complex transaction, can see your liability for damages and defence costs accumulate significantly, with devastating effects for your business.

For law firms and sole practitioners alike, it is critical that the limit of cover offered under your Professional Indemnity insurance policy is adequate for your business.

We strongly recommend you review your limit to determine whether an increase in cover, beyond the compulsory limit of $2 million, is necessary. In doing so, it is important to consider the size of your firm, areas of law, practical limitations with respect to statutory capping regimes, standards that apply in other jurisdictions and the minimum limits of indemnity required in various contracts for service as set by private and government tenders.

Marsh has a team of dedicated specialist insurance brokers who can arrange top-up insurance for firms and practitioners who have their primary cover with the Legal Practitioners Liability Committee (LPLC).

What are the benefits of insurance?

  • Marsh can arrange top-up insurance in excess of the LPLC compulsory primary professional indemnity insurance policy.
  • Marsh negotiates with a panel of insurers on your behalf to ensure you obtain a competitive premium.
  • Coverage is based on an exclusive LPLC approved policy wording.
  • Top-up indemnity coverage is provided upon the LPLC’s undertaking to indemnify an insured (subject to the top-up insurance policy terms and conditions).

If you are interested in obtaining a quotation for top-up cover, please familiarise yourself with the Marsh Important Notices and complete and return the proposal form or contact us on 03 9603 2875.

Disclaimer: This contains a general overview of the policy only. You can call us and ask for a copy of the insurer’s policy wording. We recommend that you read the policy wording so you have an understanding of the policy terms, conditions and exclusions before you decide whether this policy suits your needsLCPA No. 19/029

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”