Miller Insurance Services LLP

A troubled market: where next for PI?

By Mark Carver

Bar the final hurdle of approval by the Legal Service Board (LSB), the Solicitors Regulation Authority’s (SRA’s) professional indemnity insurance (PII) ‘reforms’ are now a reality and the insurance industry and the profession must get on with dealing with more than 10,000 renewals.

Inevitably, this will lead to conflicting advice and approaches from the insurance market and firms should look carefully at the detail behind what is being proposed and the limits they are choosing to buy.

To recap, the SRA changes are: reducing the minimum limit of indemnity to £500,000 (€1,250,000 in respect of insurance mediation activities); and enabling firms to assess the level of cover appropriate to their firm beyond the minimum…

Click on the link below to read the rest of the Miller briefing.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Miller Insurance Services LLP

Browse This Firm’s

Overview

Dawson House
5 Jewry St
London
EC3N 2PJ
UK