Adjusted minimum coverage in accordance with the Bar Association's basic requirements for compulsory professional liability insurance of its members
Ability to add additional extensions (including coverage for Insolvency Advisers)
It covers the liability of the Insured and its employees by negligent acts or omissions in connection with its activities.
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It is a comprehensive legal liability insurance program for negligent acts, omissions or errors related to the insured's professional activities. Insurance is mandatory under the Lawyers' Law
The deductible amount is the amount or percentage that is not covered and/or deducted from the amount for each claim separately.
There is a detailed list of coverage limitations in the insurance policy.
Is valid for:
Lawyer or solicitor professional indemnity insurance covers law professionals against claims made by clients or third parties that allege them for negligence, defamation, or breach of confidentiality. The policy covers the cost of defendance, claimants' costs and any damages awarded.
No, professional liability insurance for lawyers is not mandatory in Cyprus. However, it is an essential coverage for legal professionals who can be sued for errors, omissions or negligence committed while discharging their professional services. For example, a lawyer who fails to file specific papers with the court in time can lose a case and be considered liable for error and omission claims.
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