All practicing members of the Bar must maintain professional liability insurance.
Rule 32 of the Guernsey Bar Council Rules 2010 sets out that -
(1) The Bar shall at each annual general meeting set the amount for which practising members shall maintain insurance cover against their professional liabilities arising from practice.
(2) In doing so, it may set different amounts for different kinds of practice.
(3) A practising member shall:-
(a) maintain insurance cover for an amount that is not less than the relevant amount so set; and
(b) if the Secretary requests him to do so, provide satisfactory evidence of this cover to the Secretary.
(4) Where a practising member intends to practise on his own account, he shall furnish satisfactory evidence to the Council that he is insured against his professional liabilities arising from practice, for an amount that is not less than the relevant amount for the time being approved by the Bar at a general meeting.
At the Annual General Meeting on the 22nd October 2014 -
The proposal to set the amount for which practicing members shall maintain insurance cover against their professional liabilities arising from practice for the purpose of rule 32(1) of the Guernsey Bar Rules, 2010 at the unchanged amount of £2,000,000 aggregate cover above any excess was approved.