UAE – Increasing demand for insurance of lawyers’ risks
Friday, 02 19 2016, Category: Insurance and Reinsurance, Country: U.A.E
The demand for insurance contracts covering the risks of the lawyers’ profession icreased by 100% in about a year. This type of insurance was previously absent or marginal. Insurers have now expanded this branch. Moreover, awareness has increased in order to protect lawyers from these professional risks in addition to legal requirements for such an insurance.
Insurance officials and lawyers have confirmed to “Al Roeya” the importance of this type of contracts since the lawyers’ profession is exposed to errors and negligence which can cause risks and damages.
Mr. Saeed Ahmed Al Muhairi the CEO of United Gulf Insurance Brokers said that the insurance covering lawyers will insure negligence which can take place in defending the client and which caused losses that should be compensated.
Source: Al Roeya - UAE