Professional Indemnity Insurance

 

Under Regulation 96 (a) and (b) Legal Profession Regulations 2009 all legal practitioners are required to hold professional indemnity insurance.

Regulation 97(1)(a) of the Regulations provides the following exemption from Regulation 96(a) or (b), relevant to members of the Association:

a barrister who is covered by a policy of professional indemnity insurance that –

(i)         is in a form approved by resolution of the Council of The Western Australian   Bar Association; and
(ii)      provides cover up to a limit which, in the aggregate, is not less than that provided under a certificate
of insurance under the PII arrangement for the period in respect of which exemption is claimed;"

"PII arrangement" means an arrangement made by the Law Society under regulation 84(1)(a).

Barrister” is defined in the Legal Profession Act 2008 as an Australian Legal Practitioner who engages in legal practice solely as a barrister.

For the 2016-2017 year, Bar Council has resolved to approve professional indemnity insurance policies submitted by the following insurance providers:
 

  • AAI Limited (through Suncorp Insurance)
  • CGU Insurance Limited (through its agent Aon Risk Solutions Limited)
  • Allianz Australia Insurance Ltd (through Marsh Pty Ltd)
  • Allianz Australia Insurance Ltd (through Willis Towers Watson

Members may also take out cover through the Law Mutual Professional Indemnity Insurance arrangements.

The minimum level of cover for 2016-2017 is $2 million for each claim inclusive of costs.

Please note it is the responsibility of each barrister to satisfy him or herself as to the content of the policies on offer, the terms and conditions, and the premium applicable to them.  All inquiries about the policies, including premium information should be directed to the brokers/insurers.  The WABA’s Bar Council is unable to provide recommendations or any advice as to the merits of the policies.

Set out below are the contact particulars for each insurance provider: 

AAI Limited (through Suncorp Insurance)

Suncorp Professional Risks

GPO Box 115

SYDNEY   NSW   2001

 

Phone:    1300 308 950

Email:     sunprorisk@suncorp.com.au

 

CGU Insurance Ltd (through Aon Risk Solutions Limited)

Ms Sarah Booysen

Client Manager

Aon Risk Solutions

130 George Street

PARRAMATTA   NSW   2124

 

Phone:    (02) 8623 4131

Fax:        (02) 9891 6164

Email:     sarah.booysen@aon.com

 

Allianz Australia Insurance Ltd (through Marsh Pty Ltd)

Ms Tanushree (Tanu) Arora-Sopori

Senior Account Executive

Financial & Professional Lines - FINPRO

Marsh Pty Ltd

Level 6, 225 St George’s Terrace

PERTH   WA   6000

 

Phone:    (08) 9289 3862

Email:      tanushree.arora-sopori@marsh.com

 

Allianz Australia Insurance Ltd (through Willis Towers Watson)

Mr Michael Wright

Account Manager

Willis Towers Watson

Willis Australia Ltd

Level 16, Angel Place

123 Pitt Street

SYDNEY   NSW   2000 

 

Phone:  (02) 9285 4010

Email:   michael.wright@willistowerswatson.com