Solicitors professional indemnity insurance covers claims made against you by a client or third party that alleges negligence a breach of trust or confidentiality or defamation the policy covers the cost of any damages awarded claimants costs and the costs of defending the claim is solicitors professional indemnity insurance a legal requirement yes solicitors professional indemnity insurance became compulsory for all law firms following the introduction of the solicitors act . The object is to have legal practitioners covered by indemnity insurance taken out by their law practice to cover the whole of the law practice and its practitioners exempted from being required to obtain professional indemnity cover in another jurisdiction notwithstanding the practitioners may seek and be granted a practising certificates in that other jurisdiction. Professional indemnity insurance the legal profession uniform law nsw requires solicitors to hold or be covered by an approved insurance policy for nsw before they engage in legal practice in nsw similar provisions apply to an incorporated legal practice. Professional indemnity insurance law insurance practitioners nov 22 2020 posted by clive cussler media publishing text id 060a168a online pdf ebook epub library issues bonds of security to attorneys not advocates who are appointed as solicitors professional indemnity insurance quick quote tool get an indication of the likely
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