Legal Firms Insurance

Solicitors PI & Excess (Top Up) Insurance

Protect your practice above the compulsory scheme layer.

Running a legal practice comes with significant professional responsibility. Solicitors insurance is sometimes not enough to protect financial future of your firm against claims, complaints, and unexpected risks.

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Specialised solutions for solicitors

What Is Solicitors PI & Excess (Top Up) Insurance?

Every practising solicitor must be covered by an approved Professional Indemnity (PI) insurance arrangement before practising. In Australia, compulsory PI is typically arranged through state/territory schemes and minimum limits vary by jurisdiction.

KBI specialises in arranging PI excess (Top Up) insurance and broader insurance solutions for law firms. Top Up sits above the compulsory layer and helps protect your firm where claims costs, defence expenses, and matter values can exceed minimum limits.

Is it time to Top Up?

PI insurance is a fundamental component of running a legal practice, protecting against financial loss from acts, errors, or omissions.

KBI recommends reviewing your PI program at every renewal to ensure your coverage reflects the current size and complexity of your work.

Higher-value matters: If your firm handles transactions or provides advice regarding property, commercial deals, tax, or estates, a single claim can easily exceed the compulsory layer.
Corporate and contract requirements: Many clients require higher PI limits as a condition of their contract. Top Up cover ensures you can meet these professional obligations.
Scope and tower alignment: We help structure excess layers so that coverage remains consistent above the scheme limit, ensuring definitions, exclusions, and cost treatments are aligned.

Why your firm should consider Top Up cover

PI protects your firm against financial loss arising from acts, errors or omissions in the delivery of professional services. It’s a fundamental part of running a legal practice.

We recommend reviewing your PI program at every renewal to ensure your cover reflects the size and complexity of your work.

Top Up is commonly considered where:

your matters involve higher transaction values (property, commercial, tax or estates work)
you want to protect the firm against defence costs and longer-tail disputes that can build over time
clients (especially corporate clients) require higher limits under contract (where applicable)

Common drivers of PI notifications

Even well-run firms can face PI notifications. Common drivers include:

conveyancing and property transactions
errors or omissions in advice or documentation
fraud and dishonesty exposures
conflicts of interest
missed deadlines (including limitation periods)
communication gaps and inadequate file notes / documentation

Current market conditions

The market for solicitors’ PI excess/top-up can be tight. Capacity has reduced in recent years, and some insurers have stepped away from the class, while others have entered.

Common impacts include:

fewer insurers willing to quote on capacities below $10M
tougher underwriting on practice mix and claims history
higher pricing or reduced capacity for certain risk profiles

Understanding your risk profile

Insurers assess legal practices based on the type of work undertaken. Your practice mix directly impacts pricing and available limits.

Practice areas often viewed as higher exposure include (examples only):

conveyancing and property-related work
complex commercial matters
trusts, wills and estates, probate work
tax planning and advisory work

Additional Solutions

Additional insurance solutions for solicitors

Alongside PI excess/top-up, we can advise on:

We consider each client’s operations, activities, size and contractual requirements to arrange specialised coverage catering to the client’s needs and appetite.

Alongside PI Top Up insurance, KBI can advise on a full suite of covers to protect your entire practice:

Cyber & Privacy Insurance

Management liability/Private Directors & Officers/Board insurance

Business & Office Insurance

Public Liability & Workers’ Compensation.

Corporate Travel and Journey/Gap Insurance

Life Insurance

Why Choose KBI for Solicitors Insurance?

Risk Based Insurance Program Design

We can guide the process to identify and quantify corporate and operational risk proﬁles.
We help assess or determine risk appetite.
We assist in commercially testing insurance options (cost vs beneﬁt analysis).

Access to Local and Global Insurance Markets

KBI leverages both local and global insurance markets to ensure the best outcomes for clients.
KBI provides contract review services to understand fair apportionment of risk allocation to third parties to better protect the insurance placement.

Streamlined Client Service

KBI is wholly owned by its employees and directors, giving brokers a genuine “care factor” towards clients.
Pro-active industry-specialist brokers who are hands on, keep abreast of industry news and focus on proactive advice and service to ensure client’s insurance strategy remains suitable to changing needs.
Advice driven, not transactional – our model is based on partnership and providing expert advice, guiding our clients along our journey together.

Claims Management/Advisory

Dedicated in-house claims management team (including the placement broker), to streamline and simplify the claims process for our clients.
We partner with leading loss adjusters / solicitors, agreed at the time of placement, not at claim time.
We can help to have policies in place to include claims preparation costs, advancement of defence costs to aid clients during time of need.

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Talk to a Broker Now

Our team is ready to help you understand your risks and find the right coverage to ensure your firm is fully protected.

Don’t leave your firm vulnerable to the damages. Contact the team at KBI to discuss your solicitors insurance needs and get a customised quote today.

Talk to a Broker Request a Quote

Specialised expertise

Our Solicitors PI Top Up Team

Our team of industry specialists are here to help.

Travis Kenzle

Managing Director

Nick George

Director

Alexis Fortune

Senior Account Executive

Hannah Brownlees

Claims Manager

CLIENT TESTIMONIALS

What Our Clients Say

CLIENT TESTIMONIALS

What Our Clients Say

We have been working with Travis, Nick and the team at KBI for a number of years

and have always been impressed with the quality of their service, their understanding of the market, and value they can offer our clients.

Dan Smith

Minerva Corporate

Came to the rescue when i was left in the lurch

by a previous insurance broker. Great level of service. Highly recommended.

Mitchell Walmsley, Director & Co-Owner

Affluence Chartered Accountants

Great team who care

about getting the best results for their clients.

Steve Jackson, Company Secretary

Anova Metals Limited

Professional, helpful and efficient.

KBI have provided our company with all our insurance needs for the past few years. During that time they have been exemplary in their approach. Highly recommended.

Storm Taylor, Office Manager

Discovery Capital Partners

The KBI Directors’ & Officers’ team are my go to insurance brokers for publicly traded companies that I am involved with. They are one of the few brokerages that passionately understand the junior public company space.

The explanation and comparison they provide makes it easy for our key executives to make an informed decision. I regularly recommend their services to other public companies in need of Directors’ & Officers’ insurance and other operational insurances.

Eddie King, Director

King Corporate

Having dealt with Nick and Travis for insurance needs for both small and medium-sized businesses it’s safe to say they know what they are doing and genuinely have their clients’ best interests at heart.

No matter how small an enquiry, Nick is always at the ready and has a solution back to you in no time. I’ve recommended them to others and have had the same feedback given to me in regards to their professionalism, availability to answer questions and the solutions they’ve provided.

Emma Kenton, Small Business Owner

Great Minds Group

Travis and this team have done a great job providing effective and supportive advice to our company over several years now.

Travis understands the value of service very well and we really appreciate it.

Anthony Kain, Executive Director

Peppermint Innovation Limited

Since being introduced to KBI, I have found their professionalism to be second to none in the industry.

I strongly recommend KBI as the insurance broker of choice regarding Commercial Property Insurance. They know the Commercial sector inside out and operate on a different level to any other broker I’ve worked with. When it comes to service, they always go above and beyond and ensure my clients are provided with the best available insurance options every year – 10/10.

Toby Bridges, Director

Lever Property Group

I’ve been working with the KBI team for four years and their service has been excellent.

They take the time to answer all my questions and give me great guidance when renewing my policies and making a claim. I would strongly recommend KBI.

Ryan Budge, Property Owner

Commercial Property

Reflecting on the past year, we extend our thanks for the unwavering support and exceptional services provided by KBI.

This year has presented its challenges, and having KBI by our side has made a significant difference. Your team’s dedication, support, and guidance have been invaluable, and we are truly grateful.

Genevieve Loving, Administration & Office Manager

ABBA Engineering

all testimonials

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