Lawyers

Lawyers

Professional liability insurance for lawyers is obligatory for any qualified attorney. Law firms are required to insure the liability of each of their partners.

What coverage does this insurance provide?

This insurance provides protection against claims for damages from clients of the insured who suffered damages as a result of guilty non-performance of his/her professional duties in the interpretation, application and observance of Bulgarian legislation for:

  • oral and written consultations and opinions on matters of law;
  • preparation of any papers – applications, petitions, applications, complaints etc. related to work assigned to the client;
  • representation of the trustees and the defendants, and protection of their rights and legitimate interests before the bodies of the judiciary, administrative bodies and offices, as well as before physical and juridical persons.

The insurer shall consider and indemnify claims filed against the Insured for the first time in writing during the term of the insurance, provided that events on the basis of which the claims were made occurred after the date the insurance began.

Insurance protection can be extended by signing the “Retroactive Action” cover.