By -


  • The direct costs for a law practice of a professional negligence claim can include payment of an excess, a possible increase in professional indemnity insurance premiums, and lost professional fees.
  • There are also important indirect costs, including lost opportunity to spend time on profitable work and personal and professional costs.
  • Increased risk awareness is the best means of avoiding these costs.

At Lawcover, one of the first questions we are often asked when a solicitor notifies us of a claim is: “How much will this cost me? How will my premiums be affected and do I have to pay my excess straight away?” The primary professional indemnity policy issued by Lawcover provides broad protection for civil liability that arises from the provision of legal services – up to $2 million for each claim. There are, however, some costs of a claim that are not covered under the policy.

You've reached the end of this article preview

There's more to read! Subscribe to LSJ today to access the rest of our updates, articles and multimedia content.

Subscribe to LSJ

Already an LSJ subscriber or Law Society member? Sign in to read the rest of the article.

Sign in to read more