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As professional indemnity crisis rumbles on, the SRA consults

I agree there doesnt seem to be any consistency. I know of firms who are in the ARP and frankly should not be trading but they are being supported despite their lack of controls and business viability. Problem is that it means more detail and even discussions with Underwriters so they understand the risks of insuring the practice - a 100% conveyancing firm may be a far better risk than a 20% conveyancing firm because they are specialists and ensure their market and have tight controls. It is fast becoming unrealistic to practise because of PII premiums

13-Sep-2012

12:31 pm