Solicitors Professional Indemnity insurance
In the face of allegations of professional errors, omissions, or misinterpretations, having the appropriate insurance coverage is essential.
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SubscribeWhy do Solicitors need Professional Indemnity insurance?
As a legal practice, your reputation can take years to build and only a few moments to lose.
For Solicitors, a comprehensive insurance programme is essential. The complexity of the professional services you offer makes you susceptible to legal challenges and claims of negligence.
Implementing a robust risk management programme alongside appropriate insurance coverage ensures you can navigate risks confidently, providing peace of mind should the unexpected occur.
Why should Solicitors choose Griffiths & Armour?
The Professional Indemnity (PI) market poses a range of challenges for Solicitors. Insurers are more selective within this sector, considering factors like practice size and areas of work. With our experience in this specialised insurance class, Griffiths & Armour provides expert brokers for our professional services clients.
We offer tailored insurance solutions. Our commitment extends beyond insurance, providing trusted advice and independent claims management support, thanks to our partnerships with leading law firms.
Beyond Protection
Beyond Protection is our end-to-end support designed to empower your business at every stage.
Our team gives you the tools to increase resilience and create peace of mind, no matter the challenge.
FAQs
All firms which are regulated by the Solicitors Regulation Authority (SRA) must have Professional Indemnity (PI) Insurance which meets their minimum terms and conditions (MTC’s).
The MTC’s include a minimum level of PI cover which a regulated Solicitor firm must have in place that is £3m for any one claim where the practice is a relevant recognised body, which includes Limited Companies and LLP’s, and at least £2m in all other cases. It is advisable for many firms, particularly those of a larger scale or in, to purchase levels of PI cover in excess of these minimums.