Professional Indemnity Insurance for Lawyers | Advocates| Law Firms

Professional Indemnity (PI) Insurance is essential for legal professionals, including lawyers, advocates, and members of the Law Society of Kenya (LSK). It provides crucial financial protection against claims arising from errors, omissions, or negligence in the course of legal practice.

For LSK members, PI insurance is not just a safeguard but a mandatory requirement for practicing certificate renewal. It ensures that legal practitioners can operate with confidence, knowing they are protected from potential financial liabilities resulting from professional mistakes.

By securing PI insurance, lawyers demonstrate a commitment to professional integrity, client protection, and regulatory compliance, fostering trust in their services and the legal profession as a whole.

What Is Covered

Professional Indemnity Insurance provides cover against legal liability claims that may arise as a result
of errors, omissions, misrepresentation or negligent advice provided in the course and scope of their
professional services. The insurance cover will also take care of defense costs associated with these claim(s)subject to the limit of liability purchased.

Who is Covered

The Professional Indemnity insurance for law professionals covers members who are:

Are Registered members of the Law Society of Kenya (LSK)
Provide legal services at a fee
Practice as per The Advocates Act, LSK Act and other relevant laws of Kenya.

Available Extensions

The cover may extend to also cover: Libel & Slander, Loss of Documents, Employee Dishonesty, Partners’ Previous Business and outgoing Partners at additional premiums.

Benefits of Professional Indemnity Insurance for Accountants

a. Financial Support
Professional Indemnity policy will cover court judgments awards and legal fees for defending yourself or the business
at the court of law. The policy may extend to also cover fees and other expenses that may arise from loss of documents.

b. Provides Peace of Mind
Professional Indemnity policy will increase confidence in carrying out the professional duty knowing that you have means
to defend yourself against any allegations for malpractice and defend your reputation thus enabling individuals and
companies to continue trading in successful businesses.

c. Enhance Brand Image & Credibility
Professionals are accountable for their services rendered and the professional Indemnity insurance provides support and
enhances goodwill as it prides confidence to your clients and investors knowing that any discrepancies that may arise in
course of your duty is covered.

d. Increased Chances of Winning Businesses
Most contractors and government authorities will put a minimum requirement for having a Professional Indemnity
Insurance to be considered in tendered businesses.

Requirements

Duly completed & Signed proposal form.
Copy of current practicing license(s)/ Certificate(s)
Copy of CV, Pin certificates & National ID for individual practitioner
For Firms: Copy of PIN certificates, incorporation certificate & CVs of partners and principals.

Why Chose our Agency

Competitive Premiums:
Our agency offers affordable rates without compromising coverage quality, helping you stay compliant while keeping costs manageable.

Fast and Efficient Service:
We prioritize quick policy issuance and renewals to ensure you meet LSK deadlines with minimal hassle.

Expert Guidance:
Our experienced insurance professionals understand the needs of lawyers and LSK regulations, guiding you through policy selection and claims processes.

Trusted Underwriter Partnerships:
We collaborate with top-tier insurers known for reliability and prompt claims settlement, giving you peace of mind in case of a covered incident.

Ongoing Support:
Beyond policy issuance, we offer continuous support, including reminders for policy renewals and assistance with adjustments to your coverage as your practice grows.

Premium Rates

The standardised premium rates are as follows, however get in touch with our team to get a conclusive quote that is inclusive of all statutory levies.