Regulations on Relevant Parties in Professional Liability Insurance Contracts for Lawyers – Discussions and Recommendations for Improvement

Abstract

Professional liability insurance is a necessary coverage for individuals in high-risk professions, including lawyers. Participation in professional liability insurance gives rise to legal relationships among the relevant parties based on an insurance contract governed by law. This article analyses current Vietnamese legal provisions concerning the relevant parties in professional liability insurance contracts for lawyers. It further identifies existing shortcomings in the legal framework and proposes recommendations to enhance the effective practical implementation of professional liability insurance for lawyers.