NACLC Insurance Summary Conference – 4 th September 2006 Professional Indemnity D&O and EPL Public Liability Business Pak Voluntary Workers

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Professional Indemnity Incidents/Claims at 31 July 2006 Claims TypeNumbers% Out of Time2337% General Complaints & Service dissatisfaction 1321% Wrong Advice1118% Lost Files610% Conflict of Interest58% Failed to advise23% Defamation23% Total62100% PeriodNumbers 30/06/2002 – 30/06/ /06/2003 – 30/06/ /06/2004 – 30/06/ /06/2005 – 30/06/ /06/2006 – 30/06/20071 Total62

Professional Indemnity Incidents/Claims at 31 July 2006

Directors & Officers Insurance and Employment Practice Liability Master Policy Limit of Indemnity: Directors & Officers$5,000,000 any one claim and in the aggregate. Employment Practices Liability:$1,000,000 any one claim and in the aggregate. Excess: Directors & Officers:Nil Company Reimbursement:$1,000 E.P.L.10% of loss subject to a minimum $5,000 and maximum $25,000 Cover:Provides a personal cover to all your Board Members (past, present and future) for any “wrongful act” Employment Practice Cover to Legal Centre, Centre Manager and Board Members, e.g. Wrongful Dismissal, Sexual Harassment or Discrimination claims.

Directors & Officers Insurance and Employment Practice Liability Master Policy Funding BandsPremium Share Non recurrent funding$50.00 Less than $150,000$ $150,001 to $200,000$ $200,001 to 360,000$ ……………………………………………………………… ……………………………………………………………… $800,000 to $1,000,000$1, $1,000,001 +$1, Period of Insurance: 01/03/2006 t0 01/03/2007 Cost to the Centre

Directors & Officers Insurance and Employment Practice Liability Master Policy Incidents/Claims at 31/07/2006 Paid$5,000 Legal Fees$18,837 Reserve$65,000 Total Incurred$88,837 Period: 01/03/2005 – 01/03/2007 (18 months) = 4 EPL Claims Period of Insurance: 01/03/2005 t0 01/03/ months: 4 EPL Claims

Public Liability Insurance Covers:All Members of the NACLC Situation:Anywhere in Australia Limit of Indemnity:$20,000,000 per occurrence Cost:Free to all Centres (part of membership) Insurer:CGU Insurance Limited

Business Pak Insurance Cover the required insurance of the Legal Centre Example (A)Example (B) Fire, Extraneous Perils & Accidental Damage$75,000$125,000 Burglary$10,000$15,000 Glass (external & internal) including sign writingReplacement Money$1,500 Increased Cost of Working$100,000 Business Property in Transit (laptops etc.)$5,000 Cost Example in Sydney (Inc. F.S.L.)$876$1,022 Excess: $200 each and every claim Insurer: CGU Insurance Ltd Very Competitive Premium Broad Policy Coverage

Voluntary Workers Personal Accident Insurance Covers:All Office Bearers, Executive & Voluntary Workers whilst attending meetings/functions on behalf of the named Legal Centres. Insurer:ACE Insurance Ltd Schedule of Benefits: Death & Capital Benefits:$100,000 Income Earners – Weekly Injury Benefit: $1,000 per week or 85% of salary whichever is lesser (104 weeks) Non Income Earners - Domestic Help/Student Tutorial: $250 pw (26 weeks) Additional Benefits:Various Sub Limits Excess:7 Day Excess Example of Annual Premium (Volunteers) Up to 10 = $ to 50 = $ to 100 = $702

If you require assistance for any of these covers contact: Professional Indemnity:National Office Directors & Officers/Employment LiabilityNational Office Public LiabilityAon – Adelaide Office Business PackAon – Adelaide Office Voluntary Workers Personal AccidentAon – Adelaide Office Enjoy the Conference Aon – Adelaide Office Tel: