LPLC is an independent statutory authority providing professional indemnity insurance to Victorian barristers and solicitors and many of Australia’s national law firms.
LPLC has been insuring legal practitioners since 1986. We maintain and administer the Legal Practitioners Liability Fund which receives premiums and pays claims under the policies we underwrite.
LPLC insures more than 20,000 solicitors and barristers in private legal practice in Victoria and throughout Australia. We also support the legal profession with a significant investment in risk management services.
Details of our operations can be found in our Annual Reports.
We are accountable to the profession and the community
We serve stakeholder interests in everything we do
We provide first-rate, practical and empathetic service
We work with the legal profession and regulators to improve the practice of law
We are alert to the world around us, with eyes wide open to the future
Our purpose is to provide approved professional indemnity insurance and risk management services to Victorian solicitors and barristers and to many of Australia's national law firms in accordance with the Legal Profession Uniform Law.
Our mission is to deliver an influential, secure and sustainable insurance scheme for the benefit of our stakeholders who include law practices, professional associations, consumers of legal services, legal regulators and the Victorian Government.
Our vision is for a highly competent and ethical legal profession who embrace best-practice risk management in serving their clients.
LPLC (and its predecessor, the Solicitors Liability Committee) has arranged scheme insurance cover for legal practitioners since 1986 across several insurance cycles. The public benefits of the insurance scheme include the availability of insurance for all law practices, broad policy terms, run-off cover for practitioners who have ceased to practice, and profession-wide risk management services.
By operating with an efficient statutory mutual model we minimise administration and distribution costs, and because all investment returns are retained in the Fund, we keep premiums lower over the longer term.
The scheme provides up to $2m cover (inclusive of defence costs) for each claim.
When a claim is made, you want confidence in the people handling it. Our in-house claims team are all experienced lawyers who have worked in private practice at senior levels and understand its demands and risks. Our claims solicitors provide independent, objective and ethically-focused advice to insured practitioners when it is most needed.
We encourage early notification of claims or circumstances by practitioners to allow early assessment of potential exposures and pro-active management to resolve negligence claims in a timely and cost-effective manner.
Our commitment is to not only resolve claims, but to improve the profession’s understanding of what causes them and how they can be prevented. Our goal is to achieve a longer-term reduction in negligence claims across the profession for better client outcomes and sustainable insurance costs for practitioners.
LPLC provides a comprehensive program of risk management services and resources. We use profession-wide claims data to raise awareness across the profession of risk areas, provide education and training to practitioners, and produce a range of practical resources to help practitioners safely navigate claims-prone situations.