PI INSURANCE FOR THE LEGAL PROFESSION

Solicitors Professional Indemnity

The Solicitors Professional Indemnity market has been in a turbulent state for many years. The “minimum terms” set out by the SRA present a challenge for participating insurers and the recent withdrawal of a number of insurers and MGAs (managing general agents) who were unable to write this class of business sustainably has only served to exacerbate the situation. As a consequence the remaining insurers willing to write Solicitors Professional Indemnity are highly selective in the risks which they choose to underwrite.

Champion Professional Risks have access to a number of insurers and schemes for Solicitors Professional Indemnity and the Legal Profession and we provide valuable assistance in the preparation of our clients’ proposal forms so that they can be presented to the insurance market in the very best possible light to secure the most competitive terms available.

Other Legal Professions Professional Indemnity

Champion Professional Risks regularly place Professional Indemnity cover for a range of legal professions other than solicitors, such as CLCs, notary public, in-house counsel, and CILEx firms.

We also provide valuable claims support assisting our clients in making notifications to their insurers which can be a complex process.