Alert 01 April 2020
For the upcoming 2020 insurance renewal LPLC will offer all law practices (solicitors and barristers) currently insured with LPLC the option to defer payment of their renewal premium to 30 November 2020.
For the upcoming insurance renewal LPLC will offer all law practices (solicitors and barristers) currently insured with LPLC the option to defer payment of their renewal premium to 30 November 2020.
This measure is to give law practices financial breathing space and help to protect jobs in the legal community in this next critical period. This is the key focus of Governments across the country.
Law practices who do not need to defer premium payment, or who wish to pay by monthly instalments through a premium funder will still be able to do so. We would appreciate all law practices that can pay in the renewal period to do so as this will enable us to offer more support to those most needing it.
Law practices will still need to renew their insurance policy through LPLC’s online renewal portal in the usual way. The portal will open by 8 April for practitioners and an email will be sent to each practice’s nominated address when it is open.
The portal will enable certificates of insurance to be issued to law practices without requiring immediate payment for those law practices choosing the deferral option. An invoice will also be issued for payment by 30 November 2020.
Larger law firms renewing their insurance directly with LPLC (i.e. not through the portal) will receive renewal information by email in mid-April.
LPLC knows there will be law practices experiencing COVID-19 hardship beyond the renewal period. LPLC will continue to respond to the COVID-19 crisis in the coming months as events unfold. This will include working with and supporting individual law practices in extreme financial hardship as much as we possibly can.
If you have questions about 2020/21 insurance renewals, please email us at [email protected] and we will respond promptly.
We, like most of the business community are working remotely so we also ask you to be patient with us. We’re working as hard as we can to do what we can to minimise the stress everyone is feeling in this crisis.
LPLC will continue working together with all our stakeholders and we wish everyone well in these most uncertain of times.
|Justin Toohey||John Corcoran|
|Chief Executive Officer||Chairperson|