Does your firm need Solicitors Professional Indemnity Insurance?

There are circa 150,000 practising solicitors in the UK and over 10,000 law firms. Solicitors’ Professional Indemnity Insurance (PII) is mandatory for all practicing law firms in England and Wales and is a requirement of the Solicitors Regulation Authority (SRA).

What does my Solicitors PII cover?

Put simply, Solicitors PII provides cover first and foremost for costs incurred in defending a professional negligence claims made against you arising from legal advise you have provided. Additionally, it will cover your firm for any compensation payable to a claimant if your firm is found liable of  professional negligence.

Where allegations of professional negligence arise, the claims can be both time consuming and expensive to defend. Solicitors PII ensures that firm can continue to run smoothly whilst knowing that any defence and claim resolution is being handled by our experts.

How we make things easy:

 

We welcome firms with fee income up to £5,000,000 and where the principal practitioners possess a minimum of three years post qualification experience (PQE).   Our underwriting appetite encompasses practices that provide a broad range of advice in many areas of law, including residential conveyancing and personal injury work.

 

Our expert team of underwriters apply their experience in Solicitors PII to calculate the most competitive premium for your practice business based on a number of risk factors.

In a digital age, firms need to demonstrate their commitment to reliability, consistency, financial solvency and cyber security.  Protecting clients’ data is  crucial which is why we offer a cyber security review for every firm that chooses Inperio.

Our policies are underwritten by Accredited Insurance (Europe) Limited approved by the Solicitors Regulation Authority as a participating insurer.

 

 

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