Information session on PII planned
The Law Society is to hold an information session later this week on professional indemnity insurance (PII) ahead of the 2020/21 renewal period.
Terry Dunne of First Ireland Risk Management will speak about how the PII marketplace functions, how the premium is calculated, and how to reduce the cost of renewal.
Concerns
The information session will take place via Zoom at 1pm on Wednesday 16 September, and those wishing to attend can register online.
The Society’s PII Committee has previously acknowledged the concerns of the profession about looming PII costs, with president Michele O’Boyle saying last month that COVID-19 and other factors were expected to have a “profound effect” on insurers’ investment return, claims and loss of business.