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Italy introduces new rules on Professional Indemnity Insurance

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Under a new Legislative Decree in Italy, professional indemnity insurance is to be made compulsory for just about everybody whose work requires them to be members of a recognised professional body. And, not only will they need to have the cover, they will also be required to inform clients of all the relevant details in a letter of engagement.

However, as reported on, under the terms of the Decree, the professional bodies in question will be permitted to take out master professional indemnity insurance policies on behalf of their members.

Not that any professionals need to panic just yet. The Decree isnít set to come into force until August 2012.

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