Professional Indemnity Insurance (PII)
The approved PII insurer for 2020/21 is Lawcover Insurance Pty Ltd.
Northern Territory Solicitors are required to obtain approved professional indemnity insurance under section 376 of the Legal Profession Act 2006 (NT).
The Lawcover PII policy provides law practices with cover up to $2 million each claim, including claimant’s costs and defence costs. Lawcover also provides Top Up insurance, over and above the required primary $2 million limit.
Visit lawcover.com.au for further information.
Cyber risk insurance
NT law practices will have access to Lawcover's group cyber risk policy when they incept their PII insurance for 2020/21 with Lawcover (at no additional cost). Further information can be found at the bottom of this page.
From 1 July 2020, all claims must be notified to Lawcover. You can find out more about when and how to notify a claim or a circumstance which may give rise to a claim to Lawcover here.
Claims made and notified between September 1995 and July 2020 will continue to be managed by Marsh Pty Ltd. Contact:
Senior Account Executive, Marsh Pty Ltd
(08) 8385 3535
Level 6, 70 Franklin Street, ADELAIDE SA 5000
GPO Box 2637, ADELAIDE SA 5001
Pre-September 1995 claims made and notified will continue to be administered by:
23 Leigh St
ADELAIDE SA 5000
Level 13, 383 Kent Street, Sydney, NSW 2000
Switch: 02 9264 8855 | Fax: 02 9264 8844
Law Practice’s may elect premium finance from a funder of their choice however Lawcover has facilities available with three premium funders if they choose to finance and repay their PII premium by instalment.
The premium funder names and contact details are below.