In December 2004, the Victorian Bar Council resolved that all Victorian barristers would be insured with the LPLC.
Barristers were not required by law to be insured until 1996 with the commencement of the Legal Practice Act 1996.
This followed a history of insolvency of HIH which insured most Victorian barristers in 2001, followed by the need to find a commercial insurer willing to meet terms and conditions required by the Legal Practice Board.
Barristers insuring with LPLC have:
- guaranteed availability of cover
- quality cover, including non avoidance cover, for the protection of clients as well as barristers
- universal and free run-off cover for all barristers
- risk management services