Professional indemnity insurance from the experts
The history of solicitors’ professional indemnity insurance (PII) has been turbulent since the Solicitors’ Indemnity Fund closed in 2000 and solicitors insurance transferred to the commercial market. Many insurers have entered and then left the market, having suffered extremely poor loss ratios, and others have become highly selective about the types of risk they are prepared to write.
This makes placing solicitors’ professional indemnity insurance a job for experts. For solicitors, professional indemnity insurance is effectively a ‘licence to practice’ as without it, the Solicitors’ Regulatory Authority (SRA) will not issue a practice certificate. It is also one of the most significant expenses faced by most practices, third only to the cost of staff and premises.
At Brunel we have access to the whole open market, rather than a limited panel of insurers or insurance schemes. This means we can identify and secure cover for all types of legal practice, from sole traders and 2-3 partnership firms, through specialist conveyancing and personal injury practices to large multi disciplinary firms. We do not adopt a one size fits all approach, and seek the firms that truly stand out in the market. Over 350 practices trust us to place their professional indemnity insurance which puts us in a position of strength to secure the best terms for our clients.
To obtain a quotation, please complete our proposal form and send to your account broker or email to email@example.com