It is well established that good risk management will lower claims costs, increase the quality of legal services and enhance the legal profession’s reputation.
In addition to the frequency and magnitude of claims and notifications in setting the premium for the Master Policy the underwriters of the Law Mutual (WA) insurance arrangements take into account the standard and quality of risk management training undertaken by practitioners.
Law Mutual (WA) offers a range of Risk Management seminars for 2018/2019 insurance year that are focused on the needs of different categories of practitioners and Law Practices and various types of claims.
Please note that there is no requirement to attend a Law Mutual (WA) risk management seminar.
However, law practices will be able to obtain a 5% discount on their total Annual Contribution Amount for the 2019/2020 insurance year, if all of the partners or practitioner directors and at least 80% of the employed practitioners of the law practice have attended at least two (2) hours of Law Mutual (WA) approved risk management training in the period 1 March 2018 to 28 February 2019, subject to certain requirements of declaration and documentary evidence of attendance being produced upon request.