Bar Mutual Renewal
Your insurance expires on 31 March 2021 and the online renewal site will go live in mid-February.
Bar Mutual provides professional indemnity insurance to self-employed barristers in England & Wales.
All self-employed barristers are required by the Bar Standards Board to purchase their primary layer of professional indemnity insurance with Bar Mutual and Bar Mutual is obliged to provide them with professional indemnity insurance. Bar Mutual also provides professional indemnity insurance to single person entities that have been authorised by the Bar Standards Board and, on a discretionary basis, multi-person entities and alternative business structures that have been authorised or licensed by the Bar Standards Board.
Bar Mutual provides comprehensive professional indemnity insurance cover and an excellent claims handling service.
As a mutual insurance company owned by its members, one of Bar Mutual’s central objectives is to provide professional indemnity insurance at a price that is fair and reasonable. Generating profits for distribution to shareholders is not one of its objectives.
Control of Bar Mutual’s affairs rests with its Board of Directors. The Board is composed of non-executive self-employed barristers and two executives (the Chief Executive Officer and the Chief Financial Officer) from the management company, to which the day to day management of Bar Mutual is outsourced. The Board is responsible for setting Bar Mutual’s strategies and policies and overseeing the performance of the executives.
Bar Mutual’s executive functions are outsourced to Bar Mutual Management Company, a subsidiary company of Thomas Miller Holdings Limited.
COVID-19 & Maintaining service
The COVID-19 pandemic has impacted communities around the world and following Government advice and Thomas Miller Group policy, Bar Mutual moved to remote working arrangements with effect from close of business on Wednesday 18th March 2020. In practical terms, this means that all London based staff will be working from home until further notice.
Central to Bar Mutual’s business continuity arrangements is our ability to work remotely. Bar Mutual is well equipped to continue to provide a full service to our clients.
We strongly encourage Members to renew online if they can when the facility opens at the end of February.
If you need to contact us, please use the information below:
Preferably please email us at firstname.lastname@example.org
Or leave a voicemail on 0207 204 2527
Bar Mutual and Brexit
The EU-UK Trade and Cooperation Agreement concluded on 24 December 2020 does not include a provision allowing insurance firms based solely in the United Kingdom to provide insurance services in EU Member States. Bar Mutual’s ability to continue to provide professional indemnity insurance to some of its Members based in EU Member States may therefore be affected. Any Member based in an EU Member State is invited to contact Bar Mutual to check the insurance position. Please write to email@example.com
Bar Mutual fact file
- Bar Mutual was established in 1988.
- Bar Mutual insures over 13,500 self-employed barristers and Bar Standards Board-regulated entities.
- The minimum level of cover provided by Bar Mutual is £500,000 plus defence costs, each and every claim. The maximum is £2,500,000 plus defence costs, each and every claim.
- All Members of Bar Mutual renew their professional indemnity insurance on 1 April each year.
- Premiums are transparently set in accordance with a rating schedule published each year.
- Calculation of the premium payable by each Member results in an automatic limit of cover, as shown in the table below. Higher limits of cover up to £2,500,000 can be purchased for an additional premium.
|Basic Contribution||Automatic Limit of Cover|
|£100 - £399||£500,000|
|£400 - £599||£1,000,000|
|£600 - £799||£1,500,000|
|£800 - £999||£2,000,000|
Contact us now to find out how we can help.
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