Insurables — Australian business risk, sourced and dated

Conveyancers: public liability requirements in Victoria

Cover for legal liability to third parties for personal injury or property damage arising from business activities.

Data as at

Verified for Victoria

  • Licence liability condition: Yes, with a stated minimum set by Ministerial Order: conveyancers must maintain at least $2 million in professional indemnity insurance at all times. "At all times" is the operative phrase — this is a continuing condition, not an application hurdle. VIC · effective 2008-07-01 Consumer Affairs Victoria · 2026-08-13
  • Licence evidence required: Insurance details are updated through Consumer Affairs Victoria's online licensing system when applying for a licence to conduct a conveyancing business and on each renewal of the cover. VIC · effective 2008-07-01 Consumer Affairs Victoria · 2026-08-13
  • Licensing body: Consumer Affairs Victoria, under the Conveyancers Act 2006 (Vic). VIC · effective 2008-07-01 Consumer Affairs Victoria · 2026-08-13

What contracts commonly ask for

Principals and head contractors set their own insurance requirements, and those are frequently higher than a licence condition. The requirement that binds is the higher of the two, and both have to be read from the actual document.

What this cover costs

This site publishes no cost benchmark for this cover. A benchmark needs a real sample of documents, and none is published until the sample is large enough to compute a median honestly. A benchmark from a handful of policies is a guess with a decimal point.

Sources