Professional Indemnity Insurance for New Law Firms

If you are starting a new firm....

....we have specialist knowledge of the professional indemnity market for Solicitors. We help new firms obtain cover quickly and at a competitive premium.

To request a Quotation Pack for new solicitors, click the link below or call us on 0345 251 4000.

                           click here

Setting up a new law firm?

When submitting an application to the Solicitors Regulation Authority (SRA), all new firms will need to include a quotation or 'offer of professional indemnity insurance' from an SRA authorised professional indemnity insurer. This must be in accordance with the Minimum Terms and Conditions (MTC) as set out in the SRA Indemnity Insurance Rules. 

To obtain a quotation, a fully completed proposal form will be required by insurance companies, together with a copy of the business plan, cash flow forecasts and CVs of the partners or directors. 

'Qualifying insurers'

In England and Wales you can only buy solicitors’ professional indemnity insurance from an insurer who has signed up to the SRA’s Qualifying Insurers Agreement. There are only around 20 Insurers actively underwriting solicitors' professional indemnity insurance but there is some churn each year with some insurers withdrawing and some new entrants.

90% of law firms use a specialist broker

The product distribution is heavily dominated by insurance brokers who arrange PII on behalf of over 90% of law firms. Like any market you'll find the good, bad and ugly so if you need some expert guidance contact us for details on 0345 251 4000. Also read our guide Why You Need An Insurance Broker.  

What do we know about insuring solicitors?

You may have found our website when searching Google. We enjoy a top page one ranking because the major search engines recognise our expertise in Solicitors' professional indemnity insurance.

We are independent experts and enjoy excellent market relationships with many SRA authorised insurers. Our independence allows us to ensure our clients can achieve some of the best terms from the open market system.

Because of our independence, we are not 'tied agents' to any schemes or insurers. We access certain key markets and you can be sure any recommendation we make is completely impartial.

'A' rated Insurers

We will only place our clients with insurers with an 'A' rating to ensure we deliver long term stability and reliability as well as value. 

How to get a professional indemnity insurance quotation

For a no-obligation quotation, please call us on 0345 251 4000 or email sales@professionalindemnity.co.uk.

We are PII experts, not pushy sales people and promise we won't pursue you with endless sales calls.

Further Reading...

PI Guide to Solicitors Graphic Guide to Solicitors Professional Indemnity Insurance.