Solicitors Professional Indemnity Top Up Insurance

Changes to compulsory policy limit in Victoria

In Victoria, solicitors who engage in private legal practice are required to be covered by professional indemnity insurance (PII) for legal liability that may arise from their professional services.

With effect from 1 July 2025, the minimum limit of indemnity for compulsory PII will increase from $2.0 million to $2.5 million.

The Legal Practitioners’ Liability Committee (LPLC) is the sole approved provider of compulsory PII for law practices. If a law practice wishes to use an insurer other than LPLC, it must apply for an exemption from the Victorian Legal Services Board. Exemptions may be granted where a law practice is covered by an approved interstate policy that also covers legal practice in Victoria.

If additional coverage is required, top-up insurance can be arranged with Berkley Insurance Australia (BIA).

BIA can provide top-up insurance to law practices up to a maximum limit of $20 million in excess of the compulsory PII.

BIA has a broad appetite for Solicitors PII Top Up insurance and will consider most activities undertaken by law practices except for Merger & Acquisition activities and advice to Financial Institutions.

The coverage provided by BIA is follow form of the compulsory primary policy provided by the LPLC unless otherwise specified.

If you would like to obtain a quote for Solicitors PII Top Up insurance from BIA for any of your law practice clients, BIA requires a completed proposal form together with the most recent claims history from the LPLC and a description of the areas of practice.

The 30 June 2025 renewal Top Up season is fast approaching so reach out to your local BIA underwriter to start the conversation.