Professional insurance of the lawyer

Buying an apartment in Israel - Professional insurance of the lawyer

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In Israel, unlike other countries, a lawyer is not required to purchase professional insurance for professional malpractice lawsuits.

In all my years as a lawyer, only two clients have asked me to send them a professional insurance policy as a condition of my employment as a lawyer.
They apologized and claimed that this was the practice at their residence (London and New York).

Nevertheless, it is a mistake to refrain from asking the lawyer for a professional insurance policy against professional negligence as a condition of his employment.

The financial volume of real estate transactions is very high, and many lawyers are tempted to represent clients even without proper experience.
Thus the number of lawsuits filed against real estate lawyers is the highest.
Equipping with anti-negligence insurance should be a condition for hiring a lawyer in the field.

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