Insurance Requirements Flashcards
1
Q
Do freelance lawyers require insurance?
A
No, if they are not carrying out reserved legal activities.
If they are carrying out reserved legal activities, then insurance must be appropriate and adequate, but need not meet the £3 million minimum requirement
2
Q
Do law firms require insurance?
A
Yes, to an adequate and appropriate cover, as well as a minimum of £3 million for a claim
