The International Bar Association has published new principles on professional indemnity insurance for bar associations and regulatory bodies to consider in their jurisdictions. The guidelines come from a working group made up of the IBA Issues Commission Policy Committee and IBA Legal Policy & Research Unit.

The working group found there to be little uniformity in indemnity insurance requirements across different jurisdictions, with some jurisdictions not requiring it at all.

The IBA report outlines 8 principles on which bar associations and regulatory bodies should focus:

  • Independence
  • Competence
  • Integrity
  • Risk
  • Responsibility
  • Communication
  • Confidentiality
  • Maintaining public confidence

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