Premium information for barristers for the insurance period 1 July 2020 to 30 June 2021
If you signed the Bar roll before 1 May 2019, the premium is calculated by reference to the gross fee income (exclusive of GST but inclusive of clerk’s commission) for the year ended 30 June 2019.
If you signed the Bar roll after 1 May 2019, your premium is calculated by reference to the estimated gross fee income (exclusive of GST but inclusive of your clerk’s commission) for the year ended 30 June 2021.
Premiums will not be adjusted during the insurance year.
Once the application has been processed and the premium payment received, LPLC will issue a Certificate of Currency.
No, you must take out cover which runs for the same period as your practising certificate. If you intend to practise for less than this period, you can apply for a refund when you surrender your practising certificate.
Yes, a pro rata refund of premium is available by contacting LPLC.
Barristers who have ceased to enagage in legal practice and have surrendered their practising certificate will be covered for claims later made against them under LPLC's master policy for run-off liabilities.
To qualify for run-off cover, a barrister must have been insured by LPLC immediately prior to ceasing legal practice.
The run-off policy is provided free of charge and applies automatically without application by a barrister once its qualifying terms are met.
This cover is part of LPLC’s insurance scheme for barristers and is provided through a master policy for run-off liabilities issued annually.
LPLC is the approved insurer for Victorian barristers pursuant to section 13 of the Legal Profession Uniform Law Application Act 2014. LPLC has insured all Victorian barristers since 1 July 2005.