Special Legal Remedies And Other Letters Insurance

The subject of insurance is a solicitor’s liability for damage caused to third parties while performing their professional duties. Insured events include each individual case of failure to provide legal protection or error causing damage to third parties.

A failure or an error is considered to be known when the insured has established or found out about it before the submission of a claim by the damaged party or an announcement of such a claim being submitted.

The insurance also covers liability on the part of trainee solicitors and other staff, as well as a solicitor’s private liability outside the scope of their practice, at an additionally agreed and paid premium.

The professional duties of a solicitor are performed as an autonomous and independent practice and include providing all types of legal aid to natural and legal entities for the purpose of realizing and protecting their rights and legal interests.

Types of legal protection include notably:

• provision of legal advice
• creation of documents (contracts, wills, statements, etc.)
• composing claims, appeals, proposals, requests, petitions, special legal remedies and other letters
• representing parties

A third party is a person who is not a subject of the insurance contract, i.e. a person whose liability is not covered by the insurance, and who is not the insured’s employee.

Basic sum insured per insured event amounts to USD 950.000. A sum insured above USD 950.000 may also be negotiated by the insured.