Insurables — Australian business risk, sourced and dated

Lawyers: professional indemnity requirements in Victoria

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

Data as at

Verified for Victoria

  • Licence liability condition: Yes. Under the Uniform Law an Australian legal practitioner must not engage in legal practice unless the practitioner holds or is covered by an approved insurance policy. Victoria runs a single approved-scheme insurer rather than an open market, as New South Wales does. VIC · effective 2015-07-01 Victoria Government · 2026-08-24
  • Licence evidence required: At grant and at renewal of the practising certificate. The certificate cannot issue without the cover in place. VIC · effective 2015-07-01 Victoria Government · 2026-08-24
  • Licensing body: The legal profession regulator for the jurisdiction, under the Legal Profession Uniform Law, applied in Victoria by the Legal Profession Uniform Law Application Act 2014 (Vic). Victoria and New South Wales share the Uniform Law, so the framework is the same in both. The credential is a local practising certificate, granted and renewed annually. VIC · effective 2015-07-01 Victoria 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