Filter:
Professional indemnity insurance (PII) (Mar24)
Approximately a third of law firms in England & Wales renew their insurance on 1 April 2024. We have advised...
Read Article
Professional indemnity insurance (PII) (Jan24)
In Axis Specialty Europe v Discovery Land Company LLC and others [2024] EWCA Civ 7 the Court of Appeal has...
Read Article
Professional indemnity insurance (PII) and successor practices (Nov23)
PII and successor practice issues under the SRA Minimum Terms and Conditions (MTC) have focused minds for those seeking to...
Read Article
Axiom Ince Ltd (Nov23)
The firm’s collapse and the disappearance of an estimated £64m client money has attracted much press interest. While possible criminal...
Read Article
Professional indemnity insurance (PII) (Sep23)
Approximately two thirds of solicitors in England & Wales will be renewing their insurance on 1 October 2023 and there...
Read Article
Professional liability and indemnity insurance (Jul23)
Two decades after the landmark decision in Royal Bank of Scotland Plc v Etridge [2001] UKHL 44, an article by...
Read Article
Professional indemnity insurance (Mar23)
We have advised many firms on making block notifications to their insurers of circumstances which may give rise to claims...
Read Article
Professional indemnity insurance (Jan23)
Our November 2022 Risk Update reported on the important decision in Royal & Sun Alliance Insurance Ltd [2022] EWHC 2589...
Read Article
Professional indemnity insurance (PII) – and Solicitors Indemnity Fund (SIF) (Nov22)
Over the years we have acted for solicitors against insurers for cover against claims for reimbursement of fees received which...
Read Article
Professional indemnity insurance (PII) and Solicitors Indemnity Fund (SIF) (Sep22)
The Supreme Court has refused insurers’ application for permission to appeal the decision in Baines v Dixon Coles & Gill...
Read Article
Professional indemnity insurance: Why insurers fail and other coverage problems (Jul22)
It is now some years since we experienced the carnage of solicitors’ professional indemnity insurers failing between 2010 and 2018,...
Read Article
Insurance and Solicitors Indemnity Fund (SIF) (May22)
SIF provides cover of £1 million per claim for solicitors upon expiry of the six year compulsory run off cover...
Read Article
Professional indemnity insurance (Mar22)
We have commented in previous issues on the number of coverage issues we encounter, despite the breadth of cover which...
Read Article
Limiting liability and SRA enforcement action (Jan22)
We published an article following a Solicitors Disciplinary Tribunal decision in which it appeared that solicitors had been successfully prosecuted...
Read Article
Professional indemnity insurance (PII): the future of Solicitors Indemnity Fund (SIF) (Jan22)
SIF protects clients, lawyers and their staff against claims made after the expiry of the compulsory six years’ run off...
Read Article
Professional Indemnity Insurance (PII) (Sep21)
The breadth and extent of cover under the Solicitors Regulation Authority (SRA) Minimum Terms and Conditions (MTC) continues to attract...
Read Article
Professional indemnity insurance (Jul 21)
Solicitors Indemnity Fund (SIF) continues to provide cover in limited circumstances; these include run off cover for solicitors’ practices after...
Read Article
Solicitors Indemnity Fund – Fourteen months to find a solution
Frank Maher shares his views on the Solicitors Indemnity Fund. See here.
Read Article
Professional indemnity insurance: cyber exclusion (May21)
The SRA is consulting on a cyber exclusion clause to be added to the Minimum Terms and Conditions of PII....
Read Article
Professional indemnity insurance (Mar21)
Many firms have already encountered a harder market when obtaining cover with not only significant increases in premiums and excesses,...
Read Article
Professional indemnity insurance and ‘silent cyber’ (Jan 21)
‘Silent cyber’ cover is the provision, of cover for cyber risks in insurance policies which neither expressly include or exclude...
Read Article
Professional indemnity Insurance (Nov20)
Aggregation, under which multiple claims from (broadly) similar causes may be subject to a single policy limit, is a significant...
Read Article
Limitation of liability (Nov20)
Two issues arise – Protecting the firm and partner assets in the face of resistance from clients and third party...
Read Article
Professional indemnity insurance (PII) Sep20
Many firms will be experiencing a more expensive renewal of their PII, with more probing questions from insurers than before, ...
Read Article
Professional indemnity insurance (Jul 2020)
The SRA has extended the life of the Solicitors Indemnity Fund for a further 12 months, to September 2021, providing...
Read Article
Professional indemnity insurance (May 2020)
We are advising on coverage (and disciplinary) issues in several cases arising from failed buyer-funded development schemes where the sums...
Read Article
Professional Indemnity Insurance (Jan20)
We were pleased by the SRA’s announcement (see www.legalrisk.co.uk/News) that it has dropped its plans to reduce the level and...
Read Article
Professional indemnity insurance (Jan18)
The SRA is continuing to review the Minimum Terms and Conditions (MTC) but the results of its work are still...
Read Article
Demolition job: SRA Consultation on Professional indemnity insurance (PII) (Mar18)
The Solicitors Regulation Authority (SRA) has launched its latest consultation aimed at reducing the level and breadth of compulsory minimum...
Read Article
PII Consultation: how to avoid nightmares like Dreamvar (May18)
The SRA’s consultation on Professional Indemnity insurance (PII) and the Compensation Fund closes on 15 June 2018. https://goo.gl/DreQc3. They may...
Read Article
Professional indemnity insurance (Jul18)
The majority of solicitors in England & Wales still renew their insurance on 1 October. With possible changes in the...
Read Article
Professional Indemnity Insurance (Sep18)
There are very many large, multiple claims or potential claims arising from failed investment schemes, including hotels and student accommodation,...
Read Article
Professional indemnity insurance (Jan 19)
We are beginning to see signs of a hardening of the market, with some firms finding it difficult or impossible...
Read Article
Professional Indemnity Insurance
It has appeared until recently that the SRA was doggedly determined to press ahead with reductions in the limits and...
Read Article
Professional regulation
The SRA’s proposal to allow solicitors to work in unregulated businesses has been approved by the Legal Services Board. A...
Read Article
Anti-money laundering (AML)
We are advising many firms on their firmwide risk assessments, policies, controls and procedures, and audit. We commented in recent...
Read Article
Back To Top
