The occupation liability insurance of the attorneys (also financial damage liability insurance) is in Germany an obligation insurance of the attorneys, which must be completely proven both in the procedure (first) of the permission for the bar and during the entire duration of the lawyer activity. Without this proof is a lawyer permission to be malfunctioned and/or recalled.

The insurance company has to indicate the endangerment of the insurance protection immediately in relation to the responsible bar.

Legally the occupation liability insurance of the lawyers in the Federal Law lawyer order (BRAO) is regulated. The insured sum must amount to per accident 250,000 euro at least at present. The achievement for all within an insurance yearly caused damage can be limited on 1.000.000 euro. Of the insurance with these covering sums of a "“baby insurance"” one speaks.

Insurance from view of the lawyer

With many lawyers the insured sums are sufficient. With the acceptance of a new mandate the lawyer for itself must examine whether its insurance covers the possible compensation payment. There is the possibility of a sum increase for a concrete individual case or the general sum increase. This is meaningful, if the lawyer of frequent cases works on, which are covered for no more of the insurance in the case of damage elevatormoderately. Between lawyer and mandator also a delimitation of the compensation can be agreed upon on the maximum insured sum (written).

Insurance from view of the mandator

Each mandator should make certain that its lawyer, related to the concrete case, is sufficiently insured. Also cases with a vermeindlich clear legal situation can be lost through simple procedural errors (e.g. and release with it requirements for compensation.

Articles in category "Occupation liability insurance for attorneys"

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