Insurance is about protecting the risks and exposures that exist within an organization; however, the more risk that exists, the higher your insurance premiums will be. That’s why risk management comes before the policy; the more effectively the organization manages their risks and exposures before placement, the more they will save on their insurance overall.

Law No. 1/2026 was published in the Official Gazette on January 7, 2026, and took effect on January 22, 2026. The legislation introduces a mandatory insurance requirement for individuals entrusted with managing public resources, requiring coverage to be in place before they assume their duties. The insurance must respond to financial losses arising from gross negligence, and insurers are designated as necessary joint parties in any related liability proceedings.