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
"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 2013-2014 year, Bar Council has resolved to approve professional indemnity insurance policies submitted by the following insurance providers:
· AAI Limited – trading as Vero Insurance (a subsidiary of Suncorp Metway Insurance Ltd)
· CGU (through its agent Aon Risk Services Australia Limited)
· Resource Underwriting Pacific (through Marsh Pty Ltd)
The minimum level of cover for 2013-2014 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 (Suncorp Group)
Mr Rocky Ruperto
Professional and Financial Risks Underwriting
Level 19, Suncorp Place
18 Jamison Street
SYDNEY NSW 2000
Phone: 1300 308 950
Fax: (07) 3031 2096
Ms Sarah Booysen
Aon Risk Services Australia Limited
130 George Street
PARRAMATTA NSW 2124
Phone: (02) 8623 4131
Fax: (02) 9891 6164
Resource Underwriting Pacific
Ms Lydia Wu
Financial & Professional Lines
Marsh Pty Ltd
Level 28, Exchange Plaza
2 The Esplanade
PERTH WA 6000
Phone: (08) 9289 3862
Fax: (08) 9289 3880