Solicitors Top Up cover

What is “top up” professional indemnity insurance?

Your current Professional indemnity insurance may only currently be the compulsory limit imposed  by the Law Society limit, but is it enough?

The Law Society Professional Indemnity protects Solicitors against claims of negligence or other act, error or omission made against them by a client. But this type of insurance only goes so far. Depending on the area of law you practice in and the size of your client, this cover may not be enough. You may need to top it up with higher limits.

While most claims are settled out of court and confidentially, there is enough precedent set to show that not all claims will remain less than the Law Society’s limit of indemnity. You may need more

Who does it affect?

If you are unfortunate enough to have a claim for more tor than the current compulsory layer, then it could be you personally or your company that will be liable for the difference (depending on how you are structured). Can you really afford to pay above your current limit? Can your family afford to lose their home when it could have been protected with some extra cover?

Why is it useful?

Losing a claim made against you can result in enormous costs and expenses. Some of these claims take years to settle, leaving a large bill for court costs and legal expenses. Even when successful, defending a claim can be costly. Can you be sure your current limit is enough? Why not give yourself some extra “peace of mind”.

Who can help?

Professional indemnity is a complex and specialised area of insurance. If you want to know more about the professional indemnity policies and conditions relevant to your profession, contact a specialist insurance broker such as Cooper Professional Risks Pty Ltd.

Cooper Professional Risks Pty Ltd acts as your Broker and is not locked into facilities or schemes where you are locked into set rates. An insurance broker's role is to act as your representative and work in your interests, seeking the best cover at the best price for you from market knowledge.

Robert Cooper has more than twenty years specialising in Professional Indemnity Insurance across a wide range of professions. He is one of the most qualified Insurance Brokers in Australia and is ready to assist you.

So call a good Insurance Broker. Call CPR - Experts who will save you.

Latest News

CPR joins Ausure

We would like to announce to all our Clients, Prospective Clients, Suppliers and Insurers, that Cooper Professional Risks Pty Ltd trading as CPR Insurance Services, will be leaving National Adviser Services Pty Ltd (NAS) and joining Ausure Pty Ltd as a Corporate Authorised Representative from 5 March 2018.

Fundamentally, there is no difference to you, except our Invoices will look a little different, and the Banking details will be in a different name and account number. Everything else at CPR stays the same.

There are a number of reasons we have made this decision, but the primary reason is for what we believe is best for our clients.

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Special offer to CPR Insurance clients

Employsure are providing a FREE Business Health Check to all our clients and gives you the opportunity to receive an analysis of the health and safety requirements in your workplace. Also. Employsure  will review your employment agreements as well as your wage rates helping you to avoid workplace claims.

Ordinarily this would cost you at least $1,250 but because you are a CPR Insurance client, it is free!

It involves the following review for you.

SAFECHECK

A specialist Work Health and Safety Consultant will visit your workplace and carry out:

A review of your business’ current work health and safety policies, procedures and systems to identify areas of concern or non-compliance

Following the review, you will receive a report summarising the findings and the health and safety

Status of your workplace

WAGE CHECK

A Wages Adviser will review your rates of pay and produce a Wage Check report.

The review will be conducted against the industrial instrument applicable

A report will be supplied advising if the wages are compliant and what steps to take to achieve compliance

CONTRACT REVIEW

A Document Consultant will review an employment agreement and provide recommendations.

The review will highlight compliance issues with the Fair Work Act 2009 as well as best practice

The report will make recommendations to achieve compliance and provide protection to your business.

This will remove any areas of potential dispute and risk

So what do you have to lose? Contact us on 07 3123 1137 and arrange 

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