Professional indemnity insurance – no defaulting firms in 2017

27/02/2017 12:02:03

For the 2016/2017 indemnity period, there are 13 participating insurers and three facilities providing professional indemnity insurance (PII) to the solicitor market.

This includes two new insurers who entered the market in 2016/2017.

From January 2017, there are no defaulting firms, that is, firms who were unable to obtain PII in the market, and, as such, there are no firms in the Assigned Risk Pool for the 2016/2017 indemnity period.

There was one firm in the Assigned Risk Pool for the 2015/2016 indemnity period, which has successfully exited the Assigned Risk Pool with insurance cover from a participating insurer for the 2016/2017 indemnity period.

For more PII information, visit our Insurance section.