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13 December 2016
By Decree 22 of September 2016, published in the Official Gazette on October 11 2016, the minimum requirements for mandatory professional indemnity (PI) insurance for lawyers were approved. The mandatory PI requirements for lawyers cover:
In addition, the policy should:
The minimum limits vary depending on the firm's turnover and number of professionals:
These figures will increase by 25% according to Article 1917 to cover the defence costs of the insured.
The new provisions will come into effect on October 11 2017.
For further information on this topic please contact David Maria Marino at DLA Piper Italy by telephone (+39 02 80 61 81) or email (email@example.com). The DLA Piper website can be accessed at www.dlapiper.com.
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