Liability Insurance For A Company

[ThaiLawOnline]

We would like to get a liability insurance for our company, a law firm.

We only employ registered Thai attorneys. We also have translators and an accountant.

We want to protect our company against a potential mistake, against a client that could sue us for X reason.

Does anyone have any idea where to ask? I contacted 3 different insurance companies and none replied so far.

I made a search on Internet but didn't find anything with a comprehensive cover, what is included, what is the price for that, etc.

We want a cover of maybe 5 to 10 million baht.

Not only will it protect us, but it will protect also our clients.

So far, I have worked with 30 different Thai attorneys and none had insurance. But it is mandatory where I come from...for any lawyer.

Thanks,

Sebastian.

[samran]

I genuinely mean no disrespect, but isn't the fact you have no insurance of this type something you perhaps don't want telegraphed across the internet?

[JoePai]

No problem - see my PM to you.

[ThaiLawOnline]

I genuinely mean no disrespect, but isn't the fact you have no insurance of this type something you perhaps don't want telegraphed across the internet?

No sure if I understand the question.

The fact is it is VERY difficult to find these types of insurance in Thailand.

The reality is that most if not all Thai lawyers do not have them.

Thaivisa is where I can get the best answer for that. Should I use a nickname?

There are tons of law firms in Thailand and a lot are managed by non-lawyers, or people playing with words.

I don't do that. We actually even try to provide as much information as we can on thailawonline.

Another example: Escrow accounts. Most lawyers were I come from DO HAVE an escrow account. But not in Thailand.

So, if they tell you that will keep the money in escrow, it PROBABLY means in their own bank accounts. I can not talk for everyone... but I believe you will understand.

Have you heard of a law firm using acid free paper to make Wills in Thailand? This is Thailand. Things are different.

Standards are just not the same here and abroad. But I am trying keep international standards, with our small team.

We are talking about policies to protect confidentiality and others. Ways to make follow up. Accessibility to files. Destruction in a certain manner for old files and more.

We never been sued, not even received a notice letter. Never. We have clients every week, probably 100 to 150 per year.

BTW, we lost 1 case only in 5 years that I manage this law firm. Only 1. (And I think the judge made a mistake!)

Nobody is perfect. We want to improve.The insurance will be an addition. So, I hope we can get it.

[samran]

I'm sure you do a great job and keep your clients happy. That wasn't my point.

To me, telling people you have no liability insurance is akin to letting people know you are driving your car without insurance. Not reassuring to passengers (i.e. your clients) and if I was a cynical person, someone could manipulate that fact to your disadvantage.

[ThaiLawOnline]

Your point would be interesting if Thai lawyers had this insurance. Reality is they don't in a large large large proportion. They might not even know what it is...

I didn't come here to discuss about my post. I came to get information. I got info and that is what I was looking for. Thanks to the two people who contacted me.