Professional indemnity insurance

This practice note sets out the regulatory requirements for professional indemnity insurance (PII), the minimum terms and conditions (MTCs), how much cover is required and the market outlook.

This practice note only considers the PII requirements for firms and alternative business structures (ABSs) regulated by the Solicitors Regulation Authority (SRA).

PII for solicitors working in unregulated entities or freelance solicitors is addressed in the following practice notes:

This practice note is the Law Society’s view of good practice in this area and is not legal advice. For more information, see the legal status.