Liability Insurance Of Lawyers
Liability Insurance Of Lawyers

Summary/Abstract: Lawyers professional liability coverage provides attorneys with liability coverage for financial loss suffered by third parties arising from acts, errors, and omissions in providing professional legal services. In Serbia, as well as in many other countries, a lawyer is obliged to conclude the contract of obligatory liability insurance with a registered organisation that deals with such type of insurance. Also, the lawyer can do this through the Bar deal with an insurance company in a form of a collective obligatory liability insurance for all the attorneys enlisted in its directory. Without it, a lawyer cannot perform his duties and continue with his professional career. For the lawyers, these questions are of crucial and existential significance, and for the judges they are landmarks for solving specific cases, and for the insurance companies they are landmarks to form a new product of insurance in our country. This paper investigates the liability insurance in the world, compares it with Serbia and it follows the introduction of new law regulating this area.

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