Insurance and financial protection
You can benefit from our liability protection and reimbursement schemes to protect your financial position, as well as receive competitive cover from our insurance partner Lexon.
Pursuant to Chapter 5 of the Legal Profession Act 2007 QLS can appoint an external intervener to a law practice for the purpose of protecting the interests of the public, clients and lawyers.
The Legal Practitioners’ Fidelity Guarantee Fund is administered by QLS to reimburse those who suffer financial loss arising from an act or omission of one or more associates that results in a default of law practice or fraudulent dealings with a trust property that was received by the law.
We partner with Lexon to provide competitive professional indemnity insurance for legal practitioners, and top-up insurance for legal practitioners, and top-up insurance to give members the additional comfort of cover beyond the existing 2 million per claim.
QLS administers the limitation of liability scheme exclusively for QLS members, enabling these in private practice to limit their professional liability to $1.5 million, provided they meet the scheme’s requirements.