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

Robert Cooper - one of 100 faces of small business

This week it was announced as part of Small Business Week,  that Robert has been named one of the 100 faces of small business for a State Government promotion on the great value that small businesses play in the State of Queensland.

You can see Robert's entry here:

It is the third accolade for CPR Insurance Services in a month and after seven and a half years in business is a real pep up for the company.

For Robert, it is the culmination of many years experience, becoming well qualified, experiencing the highs and lows of a career and always wanting to contribute to his community. Sometimes, these things just come together and you receive recognition for your efforts.

Robert says that there is no doubt that starting your own business is a huge challenge, but with the right research and planning, the right people around you and a good set of values that you apply to the vision of the company, you have a very good chance of making it all succeed.

Robert says he is lucky. He has a strong supportive Wife, Mandy, who is also part of the business, along with efficient and hard working staff such as Julia McLauchlan and Aidan Harmer who are building up their own skills in a learning environment. 

However, the most important and most supportive people for CPR Insurance Services are our clients who have stuck by us and supported us over the past seven years. Our focus remains on providing the best possible service we can and always acting in their best interests. To all our clients, we say thank you!

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CPR Insurance wins Brokerage of the year

CPR Insurance Services picked up the award for the Best Brokerage (1-5 staff) in Australia, last Friday Night (4th May 2018) at the Insurance Business Magazine Awards held at the Westin in Sydney.

Judging came from various parts of the industry. It is a great honour to be recognised for our hard work and particular Business values we follow. A full list of winners is listed here.

Success comes from having great staff, and we thank Aidan Harmer and Julia McLauchlan as important support staff for helping us win such an award.

CPR Insurance has been in operation for more than 7 years now and is only successful because of the wonderful support from our staff, insurers and most importantly, our fantastic clients who put their faith and trust into our company to be their Risk Advisers and Brokers. 

Thank you to all.

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