What you need to do to get the right professional indemnity insurance
A survey revealed that 77% of lawyers struggle to fully understand how to obtain or renew their professional indemnity insurance. This guide offers practical tips
DOWNLOAD THE FULL GUIDE HEREProfessional indemnity (PI) insurance is a mandatory requirement for all solicitors wanting to practice.
It is also one of the largest purchases a law firm makes every year. So it’s important you get it right. However, the insurance market as a whole and the breadth of options available can be confusing, and even daunting for many firms.
77% of respondents to a recent survey of lawyers we commissioned said they still struggle to fully comprehend the process of obtaining or renewing their PI insurance. A further 66% said they want advice on understanding their PI policy and which is the best cover for them to buy.
This is why we have produced this guide to help you better understand the process of buying PI insurance for your firm, and to give you the essential information you need to make the right decisions.
In this guide Miller explains what PI insurance covers, how to select the right broker and insurer, presenting your firm in the best light, what to consider when renewing your policy, making a claim and what to do if you’re struggling to find cover.
