Professional Indemnity Insurance: Lawyer & Advocates
What's the value in having a professional indemnity cover?
Professional Indemnity policy issued to lawyers and advocates is basically meant to cover liability falling on them as a result of errors and omissions committed by them while rendering professional service. The policy covers all sums, which the insured professional becomes legally liable to pay as damages to a third party in respect of any error and/or omission on his/her part committed while rendering professional services.
Why Would This Cover Be Important?
In Kenya, The Advocates Professional Indemnity Regulations, 2004 imposed a requirement for a professional indemnity cover to be purchased by every advocate practicing.
This cover is to be used in the compensation of clients for loss or damage from claims in respect of any civil liability or breach of trust by the Advocate or his employees.
The Kenya Society of Law has asked all practicing lawyers to take the cover each year they renew their license. Under the rules no practicing certificate shall be issued to an Advocate without evidence of the required amount of professional indemnity insurance cover. Additionally, an Advocate who proceeds to engage in practice without maintaining the required level of professional indemnity insurance can face disciplinary action for professional misconduct.
Possible Professional Risk
What are the possible risks your practice is facing if you're not covered? This is what you need to watch out for.
Breach of confidentiality
Breach of professional duty
Loss of documents
Dishonest and cost for disciplinary hearings
In the uneventful case where your firm suffers risk, this is what will happen
Dawit Insurance Agency
We’ll walk with you and guide you every step of the way. We’ll show you what’s required of you and help you throughout your claim. At Dawit Insurance Agency we differentiate ourselves by making sure your claim is paid speedily and fairly.
You or Your Firm
Claiming processes are among the toughest times for a consultant or firm. But worry not, you have a caring partner who’s walking with you. We urge you to notify us as soon as the risk happens. We’ll guide you in the required steps thereafter.
Let's Start a Conversation
Let's work on something tailor-made for you or your firm.
Interested in Laywers’ or Advocates’ Proffesional Indemnity?
We’d love to hear from you about your work. As you continue to grow and take your career to the next level, let us worry about mitigating your risks. You can reach out by calling, emailing or paying us a visit. You can also fill in the form and we’ll get back to you in a bit.
At Dawit Insurance Agency Limited, we specialize in taking care of business owners’ most valuable assets by offering a complete suite of risk solutions while keeping a keen eye on our promise.
We serve the insurance needs of our customers through provision of thoughtful consultation leading to coverage at a cost that adds value to our relationship. Our ultimate interest is to match the customer’s expectations to the underwriter’s reality and eventually become our clients’ “insurance department”. This is achieved through a dedicated and professional staff and partnerships with insurance companies. Let’s start the conversataion.