♦ Competitive premiums ♦ Discounts for new law firms ♦ Monthly instalments ♦ Specialist advice ♦ Get a quotation today on 0345 251 4000 ♦
If you are an established law firm or setting up a new firm, an important requirement of your SRA authorisation is compliant professional indemnity insurance.
We have specialist knowledge of the professional indemnity marketplace for solicitors and help many firms quickly secure first class cover at the most affordable premium.
New law firms can also benefit from special discounted premiums and convenient monthly instalments, to help spread the cost. Please contact us for a quotation.
- Call 0845 251 4000
- Complete a Quote Request
For information on the cost of this insurance, how premiums are calculated and more, please read our Guide To Solicitors' Professional Indemnity Insurance.
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.
Setting up a new law firm?
When submitting an application to the Solicitors Regulation Authority, 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 CV's of the partners or directors. New firms should bear in mind that there is a six year mandatory 'run off' requirement for professional indemnity insurance if you subsequently cease to practice.
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 A rated insurers to ensure we deliver stability and reliability as well as value.
How to get a professional indemnity insurance quotation
For a no-obligation quotation, please call us on 01934 710144 or email firstname.lastname@example.org. We are PII experts, not pushy sales people and promise we won't pursue you with endless calls!