Solicitors’ Professional Indemnity Insurance: A Brief Guide to the Market (2017)
Professional indemnity insurance (“PII”) can be one of the largest overheads for a law firm. The market for Solicitors’ PII is also one of the most changeable which can sometimes make the renewal process seem overly complicated as the information required by insurers and the cost of the insurance itself vary from one year to the next.
The Professional Indemnity Company is a specialist, independent broker with vast experience of sourcing PII for Solicitors. The breadth of our market access means that we have a clear perspective on the marketplace and a better understanding of insurer requirements than brokers that deal with only one or two insurers.
Our aim, both in this article and in our dealings with our clients, is to make a process that can often appear unnecessarily complicated as straightforward and transparent as possible.