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Professional Indemnity Insurance for Law Firms

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The Law Society of Singapore Professional Indemnity Insurance (PII) is a compulsory scheme that indemnifies each member of the profession against any civil liability claims arising from their legal practice.

Professional Indemnity Insurance is a form of liability cover, giving you protection in the event of claims by a third party for professional negligence. The policy covers claims arising from the provision of professional services, such as design, advice and specifications, and differs from product liability in that it rather than the sale of physical products. In addition to negligence, claims may include error, unintentional breach of intellectual property rights, and loss of documents or data, as well as damages and the legal fees and costs incurred in the defence of a claim.

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Cyber Insurance for Law Firms

Cyber Insurance for Law Firms protects your practice from risks arising from malicious or accidental events affecting data, networks, and technology. It also provides access to expert support for immediate guidance in the event of a cyber incident. Through this facility, Marsh collaborates with a trusted insurer to provide tailored cyber insurance solutions for law firms.

If you wish to purchase Cyber Insurance, answer a few additional questions within your Compulsory PII Application Form. For more information, please contact us.

Marsh (Singapore) Pte. Ltd. (“Marsh”) is the insurance broker and administrator for the Law Society of Singapore Professional Indemnity Insurance Scheme (the “Scheme”). You acknowledge and agree that the provision of such services shall be subject to the service level agreement between the Law Society of Singapore and Marsh relevant to such services. Marsh is fully committed to the principle of transparency in our insurance transactions. As part of that commitment, we provide a statement (https://www.marsh.com/sg/about/about-marsh/transparency-and-disclosure.html) that details the types of remuneration Marsh and its affiliates may earn connected to such services. Marsh is available to answer your questions on the Scheme.

Within our work establishing the Scheme we have undertaken an assessment of the specific insurance requirements of the Law Society of Singapore's members and selected insurance coverage and products which are tailored and designed to meet the insurance requirements for its members. For the Scheme, we recommend the selected product(s) and will not conduct a broad survey of the market for alternative products. You should consider carefully whether the products available to you are suitable for your needs and appropriate for your particular circumstance before making a decision to purchase an insurance policy.

The information on this website is provided as an overview of the scheme and provided for reference only. Please review the actual insurance policy documentation available from the insurer for full coverage details, including exclusions, limitations and other terms and conditions.

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