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Risk Alert Bulletin - July 2016

28 July 2016

The final version of the professional indemnity master policy for the legal profession which came into effect on the 1st of July is published in this edition. Wording has been tightened up for greater clarity, but there are no significant changes to the cover the cover that was provided in the earlier draft published in February. Of note is the following:

“We have widely published information about the e-mail scam on our website, in the Bulletin and in other media. Up until the present, the insurer has come to the assistance of the profession in these matters. As from 1 July 2016, the insurer will no longer entertain these matters. We recommend that all practitioners put in place measures to protect themselves in these situations – be it through effective risk management measures or additional insurance protection … or preferably both.”

Risk Alert Bulletin - Special Policy Edition – July 2016

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