Primary cover
This is the minimum $2 million cover required for your law practice to obtain a practising certificate in NSW and elsewhere in Australia.
ABC Insurance policy
ABC Insurance intends to offer $2 million of professional indemnity insurance cover to law practices for the upcoming 2025-2026 financial year (from 1 July 2025 to 30 June 2026), when the renewal cycle commences.
ABC’s policy is an “approved insurance policy” for this period because it meets the objective statutory requirements under s 210(1) of the Legal Profession Uniform Law (LPUL). ABC has independent confirmation that it meets these requirements.
In accordance with the Judgment of the Court of Appeal, ABC’s policy will continue to be an “approved insurance policy” provided that the NSW Attorney General either does not approve any insurance policies under s 95 of the Legal Profession Uniform Application Act (LPUA) or the Attorney General approves ABC’s policy.
The reason why is explained in our most recent update which is available here.
Additional cover in excess of $2 million
We also intend to introduce additional (excess of loss) cover, for the upcoming 2025-2026 financial year. This will be in addition to our primary $2 million cover.
The policy will provide tailored cover for solicitors and will include benefits not available from other providers.
We’ve got you covered … it’s as simple as ABC.