Freelance Solicitors Professional Indemnity Insurance

Recently, the SRA amended its rules to allow a new trading style of “freelance solicitors” to operate from November 2019. Few have taken the opportunity as yet, partly because they have been unable to secure freelance solicitors professional indemnity insurance (PII).

Our freelance solicitors PII extends to cover the full range of both reserved and non-reserved activities being undertaken by freelance solicitors where they undertake business on their own.

Do I need Freelance Solicitors Professional Indemnity Insurance?

Freelance Solicitors’ Professional Indemnity Insurance (PII) is mandatory for all practicing Freelance Solicitors as a requirement of the Solicitors Regulation Authority (SRA). By providing cover against civil liability claims, it enhances a freelance solicitor’s financial security, while protecting clients with the required PII cover mandated by the SRA.

Definition of a Freelance Solicitor for Insurance purposes?

  • Do you practice on your own and do not employ anyone else in connection with the legal services you provide?
  • Are you practicing in your own name (e.g. Mr John Smith)? – rather than practicing under a trading name or through a service company; and
  • Are you engaged directly by clients with fees being paid directly to you by them?
  • Do you possess a minimum of five years Post Qualification Experience (PQE)?
  • Do you earn or estimate you will bill over £20,000 in annual fees?

Then our Freelance Solicitors PI Insurance could be for you.

 

How we make things easy:

Our expert team of underwriters apply their comprehensive underwriting experience to calculate the most competitive price for your business. In a digital age, you need to demonstrate your commitment to reliability, consistency, and safety of all your client data.

 

Get in touch to find out how we can help you

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We are experienced risk advisors and insurance practitioners, and we focus on niche areas of insurance and risk transfer, where we have built up a strong technical knowledge supporting demands that are routinely complex and wide ranging.

Get in touch with out team to find out more