Professional indemnity
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Ownership and vendors Deals and vendors
Australian Law Societies' Checklist Asks Law Practices Choosing a Third-Party AI Tool Who Owns the Output and Whether the Contract Covers Its Errors
A checklist dated February 2026, from the Queensland Law Society with other Australian law societies and the Law Institute of Victoria, is meant to help small and mid-tier firms select and adopt AI tools built by someone else, and asks, among other things, whether the contract includes indemnities for errors caused by the tool.
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When AI-prepared work goes wrong Liability and insurance
Remote to Insureds' Use of AI: A Lloyd's Market Association Survey of Underwriters on AI Loss Scenarios, January 2026
In January 2026, the Lloyd's Market Association released a survey of its members' opinions on AI loss scenarios. Of the four it reports on, professional indemnity, "AI produces erroneous advice/service to clients, causing a loss," scored highest for overall impact.
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When AI-prepared work goes wrong Liability and insurance
Whether They Intend to Cover: A Lloyd's Market Association Report on AI and Errors and Omissions Insurance, September 2025
A report of a committee of the Lloyd's Market Association, published on September 18, 2025, says that a professional who relies on generative AI is "still expected to adhere to the professional standards" of their regulator, and that underwriters "should consider whether they intend to cover losses resulting from reliance on inaccurate GenAI outputs by professional services firms."
