Insurance for International Arbitrators: Immunity From Liability, Existent Coverage, Exclusions and Control of Risk
Article from: TDM 2 (2011), in Procedure, Advocacy, Strategy and Tactics in Arbitration
Too many international arbitrators are operating nowadays without professional indemnity insurance. Granted, the services offered by international arbitrators are low-risk because the immunity laws in some jurisdictions shield the practice of an international arbitrator. Nonetheless, the risk of liability remains considerable. While drawing on the most-common errors and omission (E&O) insurance coverage, the article observes that, as a rule, the definition of legal services includes arbitrator's practice. There are, however, palpable limitations in geographic coverage, most notably ...