tel: 0117 325 0560
We believe the key to obtaining the most competitive terms from a reputable insurer is to obtain all of the information from the outset. We can then present a full application to underwriters which in the long run could save you both time and money. Our aim is to work in partnership with you, guiding you through the application process from start to finish. We will reguarly update you with our progress and give you full feedback from all the underwriters we approach and negotiate with on your behalf. We believe in building long term relationships with our clients and welcome the opportunity to help improve your risk management procedures so that we can continue to obtain the best possible terms for your future renewal.
We can also help new start-up law firms. Obtaining PI insurance can be a daunting and time consuming task and is likely to be one of your biggest start-up costs. This is why we will guide you through the whole application process, ensuring we can help obtain the best possible terms on your behalf. For further help with the application please download our 'top tips for new start ups'.
As well as Professional indemnity, we can also provide quotations for your other business and personal insurance requirements.
In the UK, it is a mandatory legal requirement that all Solicitors have Professional Indemnity insurance. After the closure of the indemnity fund in 2000, all UK practicing firms have obtained their professional indemnity insurance from the commercial market.
The SRA has established a compulsory level of cover which is:
• Recognised bodies (ABSs, partnerships which are Limited i.e. LLPs) are required to have a minimum of £3M for any one claim.
• All sole practitioners and partnerships are required to have a minimum of £2m for any one claim.
As an independent broker, we are not tied to any insurers and can access a very wide panel of underwriters on your behalf. We would welcome the opportunity to carry out a complimentary review of your current arrangements and will let you know straight away if we think we can be of assistance.