Insurance
Professional Liability Insurance for Attorneys-at-Law

What is "Professional Liability Insurance for Lawyers"?

• Insurance that provides protection to qualified professionals against claims brought against them for financial losses suffered by clients in connection with the professional services provided. The insurance can be taken out by a natural or legal person who wishes to insure their liability in connection with the practice of a particular profession or the performance of a specific activity, in accordance with the applicable legislation.

Insurance coverage:

The amounts that you are legally liable to pay as compensation for damages or financial losses to third parties with whom you have a legal relationship in the course of your professional activity;

Expenses incurred with our consent to establish the event and the amount of any claims and to limit the damage when you have acted with the necessary care for the case, even if your efforts have been unsuccessful;

Expenses for your legal defense, if incurred with our consent, in the process of involving us in the case on your side as a third party - assistant;

The fees and court costs awarded in the compensation case brought by the claimant(s), if such compensation is due under the terms of the policy;

We offer Professional Liability coverage in separate Sections designed for:

• notaries;
• accountants and auditors;
• lawyers;
• architects and engineers;
• private bailiffs;
• persons performing cadastral activities;
• others.
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Each section specifies the type of coverage provided: claims-made policy or occurrence-made policy.

For legal entities, we also cover the liability of persons who represent you, persons in an employment relationship with you, and persons whom you have assigned to perform tasks and included in the insurance contract.

The limits of liability for each insured event and for all claims during the term of the insurance are agreed between the parties in the insurance policy and cannot be lower than those established by law for the specific type of activity.

The insurance coverage under the insurance policy covers claims that are simultaneously brought for the first time against the Insured during the Insurance Period and for which the Insured has submitted a written notice to the Insurer during the Insurance Period, unless expressly agreed otherwise.

What are my obligations?

Upon conclusion of the contract:

• to answer all questions asked by us upon conclusion of the insurance contract, providing us with accurate, true, and complete information;
• to pay the insurance premium or the first installment thereof, in case of agreed deferred payment.

During the term of the contract:

• take the necessary measures to prevent events that may lead to the occurrence of an insured event covered by the insurance contract;
• notify us immediately upon becoming aware of any circumstances that increase the risk and of any changes or new circumstances that we have asked about in writing when concluding the contract;
• keep accurate and comprehensive records of the professional services provided;
• if the premium is paid in installments, pay the individual installments on the due dates specified in the policy.

Upon the occurrence of an insured event, except in cases of actual impossibility:

• notify us in writing, in the event of an occurrence, within the agreed time limits;
• submit a written notification, in accordance with the template, to our office and provide the necessary documents when filing a claim;
• take all reasonable measures to prevent, limit, or reduce the damage, as well as to clarify the amount of the loss or damage;
• not acknowledge, satisfy, or reject any claims without our prior written consent;
• provide us with all necessary documents proving the occurrence of the insured event and the amount of damage;
• notify us immediately in writing if a lawsuit (claim) for damages has been filed against you and involve us in the proceedings;
• notify us if you have other insurance covering your liability.