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Professional Indemnity of Lawyers

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Professional Indemnity of Lawyers

The Professional Indemnity for Lawyers insurance is compulsory for all persons practicing law, under Art. 50 of the Bar Act.

The insurance is designed for lawyers, junior lawyers and law firms.
The insurance cover provides protection against claims made against the Policyholder for material damages that are the direct and proximate consequence of culpable neglect of professional duties stipulated in the Bar Act, the Code of Ethics and the regulations of the Supreme Bar Council, as well as of the obligations of the associates in the law firm.

Against payment of an additional premium what is also covered is all court expenses incurred during the investigation, defense or negotiations for settlement of damages.

The minimum limit of the insured sum is 20,000 BGN as per the decision of the Supreme Bar Council.

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