Errors and omissions
Claims arising from professional errors, defective drafting or allegedly inadequate advice.
CONTACT: 0040726715491
SPECIALIST B2B COVER
Qualified and trainee lawyers, sole practitioners and law firms can consider cover tailored to the nature of their caseload, the value of transactions advised on and the liability provisions in their engagement terms.
PROTECTION TAILORED TO YOUR PROFESSION
In day-to-day legal practice, professional liability insurance for lawyers can address the financial consequences of clerical errors, unintentional procedural omissions or missed limitation and filing deadlines. When a client alleges financial loss arising from inadequate advice or incorrectly drafted commercial documents, the policy may respond to damages as well as the substantial cost of expert evidence and legal defence. Appropriate lawyers’ professional liability insurance helps sole practitioners and law firms protect their financial stability and professional reputation when facing complex claims.
Claims arising from professional errors, defective drafting or allegedly inadequate advice.
Financial consequences of unintentional procedural omissions or missed deadlines.
Defence, expert and claim-management costs, subject to the policy terms and limits.
The precise scope of cover, limits, sublimits and exclusions is governed by the policy wording and the insurer’s quotation.
WHO THE POLICY IS FOR
Cover can be considered by legal practices seeking additional financial protection and clearer contractual risk management.
STRUCTURING THE POLICY
Structuring effective professional liability insurance for lawyers starts with an assessment of the client portfolio and the firm’s risk profile. Key considerations include the principal practice areas—such as mergers and acquisitions, real estate, tax or high-value commercial litigation—the number of employed or collaborating lawyers covered by the practice, and any minimum indemnity limits imposed by professional rules or international clients. A comprehensive policy should also set out a clear retroactive date so that unknown claims arising from past work or advice may be considered in accordance with the policy terms.
A CLEAR PROCESS
Leader Team structures the process around your actual activity, contractual requirements and intended level of protection.
Provide the essential information about your activity, structure and cover requirements.
Your broker clarifies the risks, relevant history and parameters required by insurers.
We compare available options and explain the important limits, clauses and exclusions.
QUOTE REQUEST
Provide a short overview of the practice without including confidential case information. We will use the details solely to assess your quotation request.
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QUOTE REQUEST
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LEADER TEAM PORTFOLIO
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FREQUENTLY ASKED QUESTIONS
Clear answers about cover, eligibility and policy structure.
Subject to the policy terms, cover may apply to losses caused to clients by negligence, professional errors or procedural omissions arising from the provision of legal services.
The policy can be arranged for qualified lawyers operating as sole practitioners, associated practices, professional partnerships or limited-liability law firms.
The limit starts with the requirements of the applicable professional rules and can be increased voluntarily or at the express request of clients involved in complex commercial matters.
Insurers generally require a completed risk questionnaire, information about the number of practising lawyers and the indemnity limit requested for the policy period.
Yes. Many policies include legal defence fees and expert costs required to defend the insured against a claim, within the applicable limits or sublimits.
