Professional indemnity insurance (Mar21)

Many firms have already encountered a harder market when obtaining cover with not only significant increases in premiums and excesses,...

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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...

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Professional indemnity Insurance (Nov20)

Aggregation, under which multiple claims from (broadly) similar causes may be subject to a single policy limit, is a significant...

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Limitation of liability (Nov20)

Two issues arise –  Protecting the firm and partner assets in the face of resistance from clients and third party...

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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,  ...

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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...

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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...

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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...

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Professional indemnity insurance (Jan18)

The SRA is continuing to review the Minimum Terms and Conditions (MTC) but the results of its work are still...

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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...

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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...

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Professional indemnity insurance (Jul18)

The majority of solicitors in England & Wales still renew their insurance on 1 October.  With possible changes in the...

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Professional Indemnity Insurance (Sep18)

There are very many large, multiple claims or potential claims arising from failed investment schemes, including hotels and student accommodation,...

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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...

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Professional Indemnity Insurance

It has appeared until recently that the SRA was doggedly determined to press ahead with reductions in the limits and...

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Professional regulation

The SRA’s proposal to allow solicitors to work in unregulated businesses has been approved by the Legal Services Board. A...

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Anti-money laundering (AML)

We are advising many firms on their firmwide risk assessments, policies, controls and procedures, and audit. We commented in recent...

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