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

Three Years running - Insurance Brokerage of the Year 1 to 5 staff

Mandy and Robert Cooper were extremely honoured and astounded to once again win, Insurance Brokerage of the Year for 2020 from Insurance Business Australia magazine. This is the third year running.

While this year has not been the easiest of years for the business with Covid 19, the Recession, the hard market and issues at Lloyds of London, we are literally all in this together as an Insurance Industry.

CPR Insurance Services continues to make our clients the number one focus of our business while managing our relationships with Insurers, who we need more than ever in this market climate.

CPR Insurance Services are a highly ethical Brokerage with a reputation as a trusted advisor who always acts in the Client's best interests. Their experience, knowledge and expertise is amongst the highest in the industry.

CPR Insurance Services is now ten years old as a business and is proud of being an Authorised Representative of Ausure and their partnership with Steadfast, giving CPR the strength and backing to match it with any Broking firm in the Insurance Industry, but remain focussed on supporting the Small to Medium business segment.

Memberships of the National Insurance Brokers Association, Australia and New Zealand Institute of Insurance and Finance, Australian Insurance Law Association, Australian Professional Indemnity Group and the Australian Institute of Company Directors, ensures CPR Insurance Services maintains the high standard of knowledge and expertise required to be one of the best Brokerages in Australia.

CPR Insurance Services also plays a strong role in their local community supporting other Sporting Clubs and Community organisations. They also support and promote local businesses with their operation of the Kedron Brook Business Group who meet regularly and has 174 members.

We are truly honoured to receive this National award once again for the third year as a recognition of CPR Insurance Services contribution.

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Finalist for QLD Broker of the Year

Robert Cooper was honoured to be nominated as a finalist for Queensland Insurance Broker of the year for 2020, as part of the National Insurance Brokers Association. Unfortunately he missed out on the ultimate award but is a reflection of the high standard that the industry now has for such awards.

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