Required legislation in UAE demands that notaries, specialists, and translators carry professional indemnity insurance coverage
The United Arab Emirates (UAE) has recently enacted new laws that will impact practices for notaries, translators, and experts involved in court proceedings. These changes, outlined in Ministerial Decisions No. 208/2024, No. 211/2024, and No. 215/2024, aim to provide a greater level of protection for affected clients and claimants.
The new laws are expected to drive increased demand for professional liability insurance products tailored to these specific professions. The mandatory insurance requirements should encourage risk management measures to reduce claims and insurance premiums.
While the exact scope, coverage limits, or procedural obligations remain unspecified due to a lack of direct excerpts or detailed provisions from the ministerial decisions, the general context suggests that professional indemnity insurance (PII) will be mandatory. PII is designed to protect professionals against claims of negligence or errors in the course of providing their services.
Typically, PII involves a minimum coverage limit set by the regulatory body, continuous coverage while practicing, coverage for legal costs, settlements, or damages arising from professional liability claims, and conditions for reporting lapses or cancellations of PII policies to relevant authorities.
The coverage is required for a range of perils, including defamation, dishonesty, and fraud, not just negligent practices. Insurers must ensure their policy products meet the specific requirements outlined in the Ministerial Decisions, such as minimum coverage limits and non-revocable terms.
For precise details, it is recommended to consult the official texts of these ministerial decisions as issued by the UAE authorities or the legal gazette, or to contact the relevant UAE regulatory departments overseeing notaries, translators, and court experts. They will provide the definitive legal language, required coverage amounts, procedural rules, and any special conditions imposed on these professions relating to professional indemnity insurance.
These new laws provide clarity and detail on professional indemnity insurance coverage for experts, translators, and private notaries in the UAE, aiming to foster a more secure and reliable business environment for all parties involved.
- In the UAE's revised legal landscape, the increased demand for professional liability insurance products is anticipated, specifically tailored for notaries, translators, and court experts, as the new laws mandate insurance coverage for these professions.
- The mandatory Professional Indemnity Insurance (PII) for notaries, translators, and court experts in the UAE will cover a wide range of potential perils, including defamation, dishonesty, fraud, and negligent practices, aiming to ensure a more secure and reliable business environment.
