Professional indemnity insurance

If you are a solicitor in private practice, you are required to take out and maintain PII in accordance with the Solicitors' Indemnity Insurance Rules, by 1 October each year, but current market forces mean it can be difficult to obtain. This practice note describes PII requirements in the current market and details how you should apply, alongside related issues.

The current version has been updated to reflect reflect the Solicitors Regulation Authority's proposed PII rule changes, its draft handbook, and its recent policy statement on client financial protection.

Current version

Professional indemnity insurance (OFR and SRA Handbook 2011) - 19 August 2011
Professional indemnity insurance (SRA Code of Conduct 2007) - 26 May 2011

Archive

Professional Indemnity Insurance - 8 June 2010