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Society may arrange for insurance scheme

Legal Profession (Professional Indemnity Insurance) Rules

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The Council may make arrangements (in a representative capacity) with authorised insurers, on such terms and conditions and with such exceptions as the Council thinks fit, to establish a common insurance scheme determined by the Council for providing indemnity against loss arising from claims in respect of civil liability incurred by —(a)an advocate and solicitor or former advocate and solicitor in connection with his practice in any law firm, law corporation or limited liability law partnership, or with any trust of which he is or formerly was a trustee;(b)an employee or former employee of —(i)an advocate and solicitor or a former advocate and solicitor in connection with the practice of that advocate and solicitor in any law firm or former law firm or with any trust of which that advocate and solicitor or the employee is or formerly was a trustee; (ii)a law corporation or former law corporation in connection with its business of providing legal services or with any trust of which the law corporation or the employee is or formerly was a trustee; or(iii)a limited liability law partnership or former limited liability law partnership in connection with its business of providing legal services or with any trust of which the limited liability law partnership or the employee is or formerly was a trustee;(c)a law corporation or former law corporation in connection with legal services provided by it or with any trust of which that law corporation is or formerly was a trustee; and(d)a limited liability law partnership or former limited liability law partnership in connection with legal services provided by it or with any trust of which that limited liability law partnership is or formerly was a trustee.

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