QBE have confirmed that from December 2021 they will only be providing PII cover to solicitor firms whose annual revenue is in excess of €5 million. A President’s Bulletin has issued to firms affected by this decision.

Preparing for renewal

The Society recommends that firms preparing for renewal consider the following steps:

1. Contact your broker to discuss what other insurers they have access to in the market, their advice for preparing an application to same, and how to make your firm attractive to other insurers. Your brokers should be your main source of assistance in obtaining a new insurer in the market.
2. Consider going to more than one broker. Ideally, you want to send your application for cover to every insurer in the market, and brokers often only have access to one or two insurers.
3. Prepare the documentation and information needed to apply in advance. If you have been with the same insurer for a number of years, then you may have been using a shortened application form. The Society’s common proposal form can be used to apply to all firms in the market. You can access the current form on the Law Society website.

Further guidance on PII renewals, insurers and brokers can be found in the annual Guide to Renewal. 

Getting support

The Society will continue to work with brokers and insurers as it seeks to attract new insurers into the market and improve the renewal experience for solicitors. For any further assistance, you can contact the Society’s helpline by phoning 01 879 8707 or by email.