Dear visitor, our site uses cookies to improve your experience whilst browsing. By using the site you are consenting to this. Find out moreI agree Claims & disciplinary proceedings Complaints procedure Downloads Home What is a mutual insurance company? Insurance cover How to apply About Bar Mutual Contact us 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. 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 info@barmutual.co.uk Extension of Cover Pursuant to Bar Mutual’s objective to continually meet the needs of its Members, Bar Mutual has widened the Terms of Cover provided to Members in order to include an indemnity for the costs of dealing with Hamid Proceedings or any judicial process brought against its Members. The basis on which an indemnity will be provided in respect of Hamid Proceedings or any judicial process brought against the Member will be subject to Bar Mutual’s full Terms of Cover. The change can be found within the 2021 Terms of Cover in which the definition of Disciplinary Proceedings has been updated. Bar Mutual fact file 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 £1,000 plus £2,500,000 Contact us now to find out how we can help. +44 (0) 20 7621 0405 info@barmutual.co.uk General Data Protection Regulation (GDPR) compliance The Thomas Miller Group, including all owned and managed businesses, has implemented a personal data governance framework and operating model to ensure compliance with the requirements of the GDPR. For more information, please visit Bar Mutual’s Privacy Policy. Terms of use Privacy & Cookie policy Accessibility policy Sitemap Search © 2021 Bar Mutual Web design agency - Liquid Light