Lawyers' Professional Liability Insurance is a very important and specialized insurance policy that provides protection to professional Lawyers, in case they shall be legally liable to pay indemnity to their clients as a result of negligence or omission during the performance of their professional activity provided and which resulted to a financial loss of their customers.
According to The Lawyers’ Law (130 (I) of 2009 – The Lawyers’ Law (Amendment) (No. 2) Law of 2009, as from 1st January 2010, no license to practice law will be either issued or renewed, unless the lawyer has a valid insurance coverage provided by a licensed insurer, against professional liability negligence.
|Compulsory Law Limits:|
|Our Insurance Policy provides insurance coverage for the minimum amounts required by the Pancyprian Law Association, as follows:|
|For each claim: € 170,860|
|For any insurance period: € 341,720|
|Additional limit: Defense Costs: € 25,630|
|The Minimum Limits can be increased above the minimum amounts required by law, according to clients’ needs and can also offer extension of cover with an additional premium for:|
|• Document Loss|
|• Defamation and Libel|
* For more information, exceptions and offer, contact us or our insurance agents
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