Lawcovernotes March 2020

4. PROFESSIONAL INDEMNITY INSURANCE Online Services is now open, providing you with a convenient way to renew your 2020/21 primary $2 million Professional Indemnity Insurance policy. It is important that you complete your 2020/21 application by 15 May 2020 to coincide with your practising certificate renewal. Your 2019/20 PII policies remain in force until 30 June 2020. OPTIONAL TOP UP EXTENSION Your primary PII policy limit is $2 million for each claim, but did you know that Lawcover offers cover up to $20 million? NEW OPTIONAL LAWYERS MANAGEMENT LIABILITY INSURANCE Lawcover has launched a new product, Lawyers Management Liability Insurance, which will be available when you renew your PII policy. Lawyers Management Liability Insurance provides added protection for law practices, including: > Public liability > Employment practices liability > Internal crime > Statutory liability > Mitigation costs > Tax audit costs > Directors & Officers* *Not all covers are available for all practice types. Click here for more information on optional Top Up insurance. Click here to login Click here for more information on our Lawyer’s Management Liability Insurance What you wi l l need to complete your PI I Your law practice’s estimated gross fee income for the coming year. A current copy of non Lawcover claims history, if any. Prior practice history, if applicable. A current copy of your law practice’s ISO 9001 – Quality Management System Certificate, if you are accredited. Your law practice’s gross fee income for the past two years. Number of Staff and Office Locations. CLICK HERE TO DOWNLOAD THE APPLICATION CHECKLIST LAWCOVER’S 2020/21 INSURANCE RENEWAL