Third Party Claims for amounts which the Insured is required by law to pay due to a negligent error or omission committed or alleged to have committed in the course of his professional activity. Indicatively it covers:
– Claims for compensation in the context of the provision of services of a Lawyer as well as an Insolvency Administrator in accordance with PD133/2016
– Defense costs regardless of the merits of the charge (malicious “attack”)
– Costs and expenses for legal investigations – expert opinion – mediation or arbitration for out-of-court settlement of the compensation claim
In addition, the Insurance policy based on special conditions – extensions, covers:
– Liability claims for loss of information
– Claims for monetary compensation of third parties for defamation – slander
Claims for infringement of copyright or privacy