Lexon Insurance Pte Ltd
Lexon Insurance Pte Ltd is a privately held insurance company that specializes in providing professional indemnity insurance and risk management services tailored for the legal profession in Queensland. As a wholly owned subsidiary of the Queensland Law Society, Lexon offers a range of resources and tools to assist legal practitioners in managing risks and ensuring compliance with industry standards.
Insurance Services Offered
Lexon Insurance Pte Ltd specializes in providing professional indemnity insurance tailored specifically for the legal profession. The company operates as a captive insurer for the Queensland Legal Profession and adheres to the QLS Indemnity Rule 2005. It also offers top-up cover options to meet additional insurance needs. The company provides a detailed summary of its insurance scheme and policy terms on its website, ensuring transparency for its clients.
Risk Management Solutions
The company focuses on delivering risk management services to legal practices in Queensland. Lexon Insurance operates the Early Management Resolution (EMR) program, which assists legal practices in managing risks effectively. It offers a variety of risk management tools and resources, including checklists and procedure packs for various areas of law, such as family law, personal injuries, and commercial transactions. Additionally, online risk training programs are available, covering essential topics like cyber security and wills and estates.
Company Structure and Regulation
Lexon Insurance Pte Ltd is classified as a privately held company and is incorporated in Singapore. It is regulated by the Monetary Authority of Singapore. The company operates with a paid-up capital of AUD $19 million and maintains a team size of 21, categorizing it as a small business. As a wholly owned subsidiary of the Queensland Law Society, it provides insurance services to legal practitioners across various regions in Australia.
Client Support and Resources
Lexon Insurance offers a range of client support services, including a client intake pack and resources for managing client options and risks. The company provides a service for booking risk visits, workshops, and system tests for legal practices. It also has a detailed claims process supported by Lawcare, ensuring clients receive assistance when needed. Additionally, a subscription service is available for clients to receive the latest risk alerts.
Geographic Coverage
Lexon Insurance provides insurance services to legal practitioners in multiple regions across Australia. These regions include the Sunshine Coast, Brisbane, Gold Coast, Melbourne, Sydney, and many others. The company ensures that its offerings are accessible to legal professionals in both metropolitan and regional areas, thereby enhancing its reach and support for the legal community.