Legal
Professional Indemnity Insurance for Attorneys
Attorneys carry professional liability for legal advice and representation. Professional Indemnity protects practices against claims of negligent legal advice or service.
Why it matters
Why attorneys need Professional Indemnity
- Legal Practice Council requirements expect adequate PI cover.
- Claims can arise from missed deadlines, drafting errors or advice disputes.
What does Attorney PI cover?
- ✓Claims arising from alleged negligent legal advice or service.
- ✓Defence costs in responding to professional negligence claims.
Common exclusions
- –Deliberate or fraudulent acts.
- –Fidelity/trust account exposure requiring separate cover.
Real scenarios
Common Attorney PI claims
Missed deadline claims
Claims linked to prescription or filing deadlines being missed.
Drafting error claims
Claims arising from alleged errors in contracts or legal documents.
How much PI cover does an attorney need?
Limits should reflect practice area and the value of matters typically handled.
What affects the premium?
- Annual fee income
- Practice areas
- Largest matter value
- Claims history
What information insurers require
- • Annual fees
- • Practice areas
- • Largest matter value
- • Claims history
Retroactive cover
Retroactive date should reflect when the practice was established.
Run-off cover
Run-off cover is important when a practice closes or a practitioner retires.
FAQ
Frequently asked questions
Legal Practice Council requirements generally expect law firms to carry adequate Professional Indemnity cover.
Get your Attorney PI quote
One simple online application, tailored to how attorneys actually work.
Related professions
Related covers
- Fidelity Guarantee →
Protects trust account funds.