Professional Indemnity Insurance For Solicitors

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What is Professional Indemnity Insurance

Professional Indemnity Insurance (PII) is an indispensable safety net for professionals and businesses offering expert advice or services. This vital insurance is designed to cover the costs of compensating clients who suffer financial loss due to mistakes, errors, or inadequate advice provided by you. Imagine it as a protective shield that ensures you are covered if something goes wrong, helping you navigate the complexities of the professional world with confidence.

What Does Professional Indemnity Insurance Cover?

Professional Indemnity Insurance is your safeguard against the financial fallout from claims related to your professional services.

Here’s a detailed look at what it covers:

Defending Claims: Covers the costs associated with defending yourself against claims of negligence or errors in your professional services.
Loss of Documents or Data: Provides protection against the loss, theft, or damage of crucial documents and data.
Defamation: Shields you from claims related to defamatory statements made in the course of your work.
Intellectual Property Infringement: Protects you from claims arising from unintentional infringement of intellectual property rights.
Dishonesty: Offers coverage against dishonest actions by employees, partners, or directors.
Negligent Misstatement: Covers claims related to incorrect or misleading information provided in your professional capacity.

Why Choose Legal Ex Plus for Your Professional Indemnity Insurance?

At Legal Ex Plus, we are dedicated to providing top-notch Professional Indemnity Insurance tailored to meet your specific needs. Here’s why we stand out:

Expert Guidance: Benefit from our dedicated client managers who are specialists in the legal sector, ensuring a seamless renewal process and tailored advice.
Top-Rated Insurers: We offer coverage through “A rated” insurers, providing you with high-quality protection.
Comprehensive Support: Enjoy year-round Risk Management Advice & Support, helping you mitigate risks and handle any issues effectively.

Our Achievements

Whether you’re a sole practitioner or a large firm you can enjoy:

AI Legal Awards 2017 & 2018: Recognised as the Best Professional Indemnity Insurance Broker in the UK.
SME Northern Enterprise Awards 2019: Honoured as Professional Indemnity Brokers of the Year.

More Information

Risk Management from Legal Ex Plus

Choosing Professional Indemnity Insurance from Legal Ex Plus means securing comprehensive coverage that includes:

Defence Against Claims: We cover the costs of defending against allegations, so your business is protected from unexpected financial burdens.
Peace of Mind: Rest easy knowing you are shielded from various risks, allowing you to focus on delivering excellent service.

Important

Solicitors Professional Indemnity Product Cover

Limits available to your needs
Exclusive wording with A rated insurers

Eligibility

All solicitors in England and Wales

A team of specialists will personally guide and support you any time you need to report a circumstance or claims.

FAQs

Frequently asked questions about solicitors Professional Indemnity insurance:

1. What is Professional Indemnity insurance (PI)?
Solicitors Professional Indemnity Insurance provides cover should a third party suffer a financial loss as a result of your professional error, omission or negligence.

2. What limit of indemnity do I need?
We recommend you check the Solicitors Regulation Authority requirements. It’s always good business practice to also review your contracts, both pending and current, to assess whether your limit is sufficient taking into account if a claim is made in a number of years.

3. Will my policy cover my past work?
Yes. The PI policies we arrange provide cover retrospectively.

4. Would my policy respond if I have a claim for work I undertook three years ago before I moved to Legal Ex Plus?
Professional Indemnity Insurance is constructed on a claims made basis and therefore it is the policy in force when the claim is made, which would respond, regardless of when the work was undertaken, subject to policy terms and conditions.

Explore Our Resources

We offer a range of informative guides on Professional Indemnity Insurance, crafted by experts to help you understand your options. Our guides cover everything from choosing the right policy to understanding essential coverage components. All resources are available for free to help you make well-informed decisions. Need more information or personal assistance?

Contact Legal Ex Plus today at 0800 180 4203 or email info@legalexplus.com.

Our team of experts is here to answer your questions and help you find the perfect Professional Indemnity Insurance for your needs.

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