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.
Apro Management Limited, the manager of Berliner, has written to firms advising that it is uncertain whether that insurer will be able to write any solicitors' business in the 2013-14 renewal.
Advice for solicitors or former solicitors who were principals in a firm that ceased to practise whilst being insured with Lemma Europe.
The Law Society has today unveiled a new direct route to professional indemnity insurance (PII) cover for small solicitor firms.
Details and information about run-off cover
The Law Society is warning law firms affected by the suspension of unrated Latvian professional indemnity insurer, Balva, to investigate carefully their alternatives and make an informed choice before opting for cover from another unrated insurer.
Are there hidden dangers in opting for 'cheaper' quotations? Read Law Society advice on choosing an insurer.
A quarter of all law firms making professional indemnity insurance (PII) applications do not know whether their insurance broker has full access to all insurers prepared to insure their firm.
Law firms' perceptions and experiences of professional indemnity insurance (PII) for the period 2012-13.
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.
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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.