Features & AnalysisLaw Firms

Mitigating solicitors’ Professional Indemnity Insurance risks

There has been more scrutiny around the financial position of law firms and an increasing number of insurance companies are now requesting Personal Guarantees from the partners of law firms as a condition of cover

The professional indemnity insurance (PII) market has been incredibly challenging for some time, with annual premiums rising and a reduction in the number of insurers offering cover. As anyone working the legal sector will know, Solicitors’ PII cover has been no exception.

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