This practice note outlines regulatory requirements when obtaining PII and explains the renewal process. It also contains specific advice for in-house solicitors, small firms and those experiencing difficulties obtaining insurance.
This information is designed to assist solicitors to better understand the PII market to help make this important business purchase.
The financial security of your insurer is important. This advice is designed to raise solicitors' awareness of the importance of considering whether their insurer will be able to meet claims under their PII policy. More help is available in the right hand column of this page.
Advice for solicitors or former solicitors who were principals in a firm that ceased to practise whilst being insured with Lemma Europe.
Details and information about run-off cover
Are there hidden dangers in opting for 'cheaper' quotations? Read Law Society advice on choosing an insurer.
Solicitors with Quinn run-off policies can continue to notify claims via the claims notification procedure set out in their policy.
A recent High Court decision provides helpful guidance to firms about what constitutes a valid notification of a circumstance under the solicitors’ minimum terms and conditions PII policy.
The practice framework rules allow in-house lawyers to act for clients other than employers in certain circumstances. Depending on the circumstances you may need to have professional indemnity insurance (PII) in place.
Every year we conduct a survey of solicitors' renewal experiences to ascertain areas of difficulty and analyse market trends.
Sample FAQs from the Law Society's Legal Compliance Bulletin
Subscribe to the Legal Compliance Bulletin for up-to-date, practical information on every aspect of legal compliance and regulation for solicitors, barristers and practice managers.
Information to help you find a professional indemnity insurance broker for the 2011/2 renewal period.
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Questions or concerns about professional indemnity insurance? Phone our Practice Advice Service on 020 7320 5675, open weekdays from 09:00 to 17:00.
Chancery Pii offers a dedicated service for 1 to 4 partner firms. Take a few minutes to complete our online form and get an indicative quote within 24 hours.
More help for firms concerned about the financial security of their insurer.
How much do you know about the PII market? See how your firm’s experience measures up with the market trends.
Our Pii initiative aims to create a stable and competitive insurance market to ensure affordable and accessible insurance for the entire profession.