lawyers management liability insurance...lawyers management liability insurance tailored solutions...

LawyersManagement Liability Insurance

Tailored solutions for specific risks in running a legal practice

lawcover.com.au

What is management liability?

There are unique risks involved in running a legal practice over and above providing legal services to clients.

Whether it’s a client falling and injuring themselves on loose carpet at your premises or an employee claiming for unfair dismissal, incidents, accidents and breaches can lead to claims against your law practice.

This is where our Lawyers Management Liability policy can provide vital cover to help protect your practice.

How can you protect your law practice?

Management liability insurance is an optional insurance available to assist you in responding to everyday risks associated with managing a law practice. Lawcover’s Lawyers Management Liability policy delivers a tailored suite of insurance covers which, in conjunction with your professional indemnity policy, provide broad protection.

Why is Lawcover offering this type of cover?

• Our years of experience in servicing the professional indemnity needs of lawyers have revealed the need for additional insurance protections.

• While a wide variety of insurance policies exist, typically they are general in nature and haven’t been designed specifically for law practices.

• Lawyers Management Liability insurance works together with Professional Indemnity cover to provide broad protection for everyday legal practice business risks.

• Our proven claims management and claims prevention services are ready to be deployed to these additional risk areas and covers.

• Professional Indemnity insurance alone can leave law practices exposed to unexpected claims associated with operating a legal practice that fall outside the scope of that policy.

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Telephone (02) 9264 8855 | Facsimile (02) 9264 8844 lawcover@lawcover.com.au | lawcover.com.au

What is covered?*

Public Liability

Cover for third party personal injury or property damage occuring at the law practice

Employment Practices Liability

Cover for claims by employees about certain breaches (eg. unfair dismissal, bullying etc)

Internal Crime

Cover for losses to the law practice caused by employee fraud, theft, etc

Statutory Liability

Cover for accidental breaches of legislation, orders for payment of fines and/or civil penalties where legally permitted

Tax Audit

Cover for the cost of responding to a tax audit notice issued to the law practice by the ATO

Directors and Officers

Cover for losses arising from wrongful acts of directors/officers of Incorporated Legal Practices (ILPs) and partnerships with service companies in managing/conducting the law practice

Mitigation Costs

Cover for the cost of mitigating a matter that could lead to a claim under some of the above covers

Find out more

For more information about Lawcover’s Management Liability Insurance visit lawcover.com.au or call 1800 650 748

Lawcover Pty Ltd | ABN 48 003 326 618 Lawcover Insurance Pty Ltd | ABN 15 095 082 509

TCA #

6885

Tailored covers

Law practices with no employees

• Public liability

• Statutory liability

• Tax audit costs

Law practices with employees, no companies

• Public liability

• Employment practices liability

• Internal crime

• Statutory liability

• Mitigation costs

• Tax audit costs

ILPs and law practices with service companies

• Public liability

• Employment practices liability

• Internal crime

• Statutory liability

• Mitigation costs

• Tax audit costs

• Directors & Officers

* All cover is subject to the full terms, conditions, limits and exclusions of the Lawyers Management Liability Policy Wording underwritten by Lawcover Insurance Pty Limited and available on our website, which you should read before deciding to purchase this insurance. This is not a mandatory insurance.

You may wish to consider seeking independent advice from a professional adviser or broker to assist you in deciding whether this product is right for your law practice.