Indemnity Insurance 101 – What do barristers do when they have a claim made against them? (CPD 1 hr)
Inevitably claims against barristers do happen, they might be allegations of professional misconduct, or negligence, and might be brought by professional bodies or by clients or former clients. Whether upheld or not any claim can involve major financial and reputational risk as well as significant professional stress on barristers. How such claims are addressed and in particular how coverage under professional indemnity insurance will work can have a major bearing on their outcome. Sometimes, particularly at their initial stages barristers may try to handle these on their own without advice, to their detriment.
This presentation (in-person, but also live streamed and recorded) will help you understand some of the steps you should take from the outset if you find yourself on the receiving end of a professional claim and how the Marsh/NZBA Professional Indemnity Scheme may apply. It follows from the review the Bar Association Council has undertaken of the Marsh/NZBA Professional Indemnity Insurance scheme.
Our presenters are Barrister Michael Webb who led the review, Michael Robertson, Partner of Robertsons Law, specialising in professional indemnity claims and litigation and a member of the review team and Nigel Grantham, Chairman, Marsh Specialty who leads the Marsh team responsible for the Scheme. The Panel will provide information about recent changes to the Marsh/New Zealand Bar Association | Ngā Ahorangi Motuhake o te Ture Professional l Indemnity Insurance scheme, the respective roles of the broker and insurer, and steps to take if a claim is made against you, or if you think one might be.
Attending this event is a bit like having insurance. You think you don't need it until you need it. And then you wish you were prepared.
Please register to attend this helpful presentation - so you are ready when you need it.
Michael is a barrister with a wide ranging practice in corporate, financial markets and government law. His work includes advice and representation in complex or sensitive matters and negotiations, independent reviews and investigations, and policy and law reform in New Zealand and internationally. He also brings to his work extensive regulatory and governance experience, including as a foundation board member of the Financial Markets Authority, and as a board member of significant public and private sector entities. Michael has been leading the review of the Professional Indemnity Scheme available for Bar Association members.
Michael is one of New Zealand’s leading insurance litigation lawyers. He has practised in insurance law since 1988 and over that period of time has acted for most of the New Zealand insurers and managing general agencies, brokers and a broad range of international insurers, including numerous Lloyd’s Syndicates. Michael specialises in professional indemnity, general liability and directors and officers insurance, with a particular focus on claims against lawyers, accountants and construction professionals and defending regulatory claims. He has a wealth of experience drafting and advising on all types of insurance policies, including complex combined liability policies, and bespoke policies and endorsements. He provides risk management services and claims resolution advice across a wide range of professions and industries.
Michael has a Master’s Degree in Commercial Law with first class honours majoring in insurance. He frequently presents to professional groups, insurers and brokers. Michael is also an associate of the Arbitrators and Mediators Institute of New Zealand. Michael is ranked as an Asia Pacific “Hall of Fame” lawyer in Legal 500.
Nigel has specialised in liability insurance for 30 years.
Additionally, he has travelled (pre covid) to the UK twice a year to negotiate and place 3 of the 4 largest law firms in New Zealand and the largest consulting engineer in New Zealand. This has allowed him to keep abreast of developments within the London market first hand and continue to build the long standing relationships with underwriters.
Nigel has been involved in negotiating and placing some of the largest infrastructure construction projects in NZ over the last 30 years.
He also has experience in handling and structuring significant D&O placements for plc’s and large private companies, and dealt with numerous capital raising insurance requirements, M&A’s and IPO’s for clients.
In 2010 Nigel was awarded insurance broker of the year; an achievement recognised through his contribution to the insurance industry and through client feedback.
This event is free and open to members of the NZBA. Register for the in person or online event using your NZBA email login to get the member price of $0.
Please Register below, visit your Cart, and follow all steps through to Place Order. If you have successfully registered, you will receive a confirmation email with instructions on how to join the webinar. Please ensure you follow these to register on the Zoom platform and can therefore join on the day (or receive the recording, which will be available later).
If you have any problems, please contact us.