Insurables — Australian business risk, sourced and dated

Lawyers: professional indemnity requirements in Australian Capital Territory

Cover for legal liability arising from professional advice or services, written on a claims-made basis.

Data as at

Verified for Australian Capital Territory

  • Licence liability condition: Yes, with a stated figure — one of the few jurisdictions to put the minimum in the Act itself. Section 312 requires an approved policy of professional indemnity insurance with minimum cover of $1.5 million for the duration of the practising certificate. ACT · effective 2006-07-01 Australian Capital Territory Government · 2026-08-24
  • Licence evidence required: Maintained for the duration of the practising certificate, and required at grant and renewal. ACT · effective 2006-07-01 Australian Capital Territory Government · 2026-08-24
  • Licensing body: The legal profession regulator for the jurisdiction, under the Legal Profession Act 2006 (ACT). The credential is a local practising certificate, granted and renewed annually. ACT · effective 2006-07-01 Australian Capital Territory Government · 2026-08-24

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