Lawcover
Lawcover is a nonprofit organization based in Sydney, NSW, that provides professional indemnity insurance to law practices in New South Wales and the ACT. As the only profession-owned licensed insurer for the legal profession in Australia, it offers a range of resources and support services aimed at risk management and claims prevention.
Insurance Services
Lawcover specializes in providing professional indemnity insurance to law practices in New South Wales and the Australian Capital Territory. The company offers coverage up to $2 million for each claim, with an option for Top Up insurance extending limits to $20 million. Additionally, it provides a group cyber risk policy free of charge, covering up to $50,000, and a Cyber Risk Insurance policy that includes crisis assistance and protection.
Nonprofit Structure
Lawcover operates as a nonprofit organization and functions as a wholly owned but independent subsidiary of the Law Society of New South Wales. This structure allows the company to focus on the needs of the legal profession while providing essential insurance services tailored specifically for lawyers.
Risk Management and Support Services
Lawcover offers a range of resources aimed at reducing claims-prone situations for law practices. This includes Practice Support Services, a Risk Management Education Program featuring workshops and seminars, and a Cyber Risk Assessment tool to enhance risk awareness. The company also provides a New Lawyer Accelerator Program for practical training in basic legal skills.
Resource Centre and Educational Materials
Lawcover maintains a Resource Centre that includes various publications, policies, checks, forms, and brochures to support law practices. The company also produces educational content such as podcasts, videos, and articles to assist lawyers in managing risks and improving their practice.
Customer Engagement and Feedback
Lawcover conducts regular customer feedback surveys to assess its performance against established targets. This initiative helps the company understand the needs of its clients and improve its services accordingly, ensuring that it remains responsive to the legal profession's requirements.