subject: Professional Insurance For Lawyer [print this page] Insurances are an heavy mark on Italian household budget. There are the compulsory ones like for car and mortgage- the household insurance, fire insurance, life insurance and the list could continue.
Not considering VIP whims like the insurance on the breast, the Chihuahua, the ancient vase and also the ones of singer who ensure their vocal cords or the tennis players ones that ensure their magic wrist, there are many professionals who decide to stipulate a professional insurance that allow them to do their job with more serenity. Choosing the right insurance company indeed permit lawyers to be safeguarded in case, during their line of duty, they make some mistakes that cause some damages to their clients or to some injured parties.
Lawyers indeed, as other professionals, can be arraigned and therefore can be forced to pay punitive damages for damages to property or moral damages even of thousands of Euros. The insurance companies which offer services dedicated for professional are many, but as often happens, the ones that offer interesting services and competitive prices are a few. One of these is Zurich, which guarantee a coverage for all the different damages that a lawyer can cause, with the stipulation of just one contract, both in case that the lawyer is a freelance and in the case he works for a law firm. This one, for now, is the most complete offer in the insurance world, and assures an insurance coverage for all the mistakes connected to the job, that a lawyer could do. Included in the policy are also the damages caused by a wrong management of the real estate in which the law firm has its base and even damages caused by the professionals employees.
Other companies that offer similar solution for this field are the Mylton & Co. Insurance Brokers s.r.l. and the Asabroker insurance. The first one has, among its range of policies, a wide range of insurances dedicated to professionals in general- addressed not only to lawyers but also to other professionals like notaries and business consultants-which statute that the claim for damages can be accepted even for professional misconduct or contract non-fulfillment. Asabroker then, in addition to this kind of insurances, offers a particular policy that pays for damages caused by mistakes of associations and companies.
In general the cost per-year for a medium service is 400-500 but the average cost can raise if professionals want to add to the policy some particular clause, like for example the retroactivity one (some companies propose also the unlimited one) which compensate the professionals clients for damages caused by the professional in a period former to the stipulation of the contract. The unique limit for professional insurance policies is the age: the contractor of the policy must be under seventy.
by: Serena Rigato
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