Professional indemnity insurance
The Legal Profession Uniform Law (NSW) requires solicitors to hold or be covered by an approved insurance policy for New South Wales before they engage in legal practice in New South Wales. Similar provisions apply to an incorporated legal practice. Corporate legal practitioners and government legal practitioners are exempted under the Legal Profession Uniform General Rules except in connection with their engaging in legal practice as a volunteer.
The approved policy is available from Lawcover. Although the Law Society of New South Wales is responsible for appointing the members of Lawcover’s Board, the activities of Lawcover are not controlled by the Law Society. It operates independently to provide a fully confidential service to solicitors.
For more information about Lawcover and professional indemnity insurance visit their website.