Contributed by Azwa Zulsamli, Officer, Professional Indemnity Insurance and Risk Management Department, Bar Council
The Bar Council Professional Indemnity Insurance (“PII”) and Risk Management Department organised the first risk management workshop for year 2020 entitled “My Professional Indemnity Insurance”, which was held on 17 Jan 2020 at the PII and Risk Management Department, Wisma Badan Peguam Malaysia, Kuala Lumpur.
The two-hour workshop that discussed the 2020 PII Policy and risk management best practices within a law firm, carried two Continuing Professional Development (“CPD”) points.
The first speaker for the workshop was Johan Shahar, Divisional Director, FINPRO – Malaysian Bar, Marsh JLT Specialty of Jardine Lloyd Thompson Sdn Bhd. He briefed participants on the cover and terms under the PII Policy as well as shared the latest updates regarding the PII Scheme. Participants were reminded to make notifications early — ie once they become aware of a claim or potential claim — to ensure that their claims will not be rejected.
The second session was conducted by Mysahra Shawkat — Legal Risk Junior Counsel, PII and Risk Management, Bar Council — who grabbed the attention of participants by presenting the statistics of the top three claims from year 2012 to 2018. She shared some instances of scams that had been reported to the Scheme as well as her experience of conducting the “Risk Aware! A Review of Your Firm” programme in several states.
The participants agreed that the workshop should be attended by their peers, as it provides a good platform to refresh one’s knowledge and gain information.
The PII and Risk Management Department is currently working to organise more risk management talks this year. If you would like to attend the next My Professional Indemnity Insurance Workshop or would like to know more about other risk management workshops, please contact the PII and Risk Management Department by telephone 03-2698 4511, or by email at email@example.com.