What is Lawyer Insurance?
Solicitors and lawyers in the UK are required to carry professional indemnity insurance to protect their business and their clients against costly legal mistakes and omissions It’s a fact that most claims brought against solicitors working in private practice are connected with professional negligence, and the Solicitors Regulation Authority (SRA) requires solicitors’ insurance to include very specific types and levels of cover. Needless to say, this can be very complex and time-consuming to set up – hardly the best use of valuable time for a busy law firm.
The case for a bespoke policy from Bollington
There is a compelling case for getting an expert insurance broker such as Bollington to create a bespoke lawyer professional indemnity package unique to your firm: the type of law you practice and your legal fees structure are just two of the variables that can make a very great difference. to the policy and levels of cover you need. Your policy will include not only the cover you are legally obliged to have, but also all-round protection for your unique business. We can provide an expert risk management service that has proved invaluable to many law practices – reducing premiums and protecting the business from unnecessary claims. Loss of income protection, in case you are unable to work following an accident, and protection for your premises and your employees, are also advisable. And solicitors who engage in insolvency cases should also consider protecting their fees, which can be lost in such cases.
What your lawyer’s insurance cover can include
- Professional indemnity insurance to comply with the SRA requirements
- Risk management
- Insurance cover for buildings
- Employer’s liability insurance
- Loss of income due to accidents or injuries
- Fee protection for insolvency cases
- Defence costs for disciplinary proceedings by the SRA or the Solicitors Disciplinary Tribunal
- Partnership disputes cover
- Directors and officers cover
- Cover in case of employment breaches, discrimination and wrongful dismissal
Quick quote, instant cover
Call or click and our competitive lawyer insurance quote is on its way. And if you need instant cover, just ask.
With you all the way
We want you to stay insured with Bollington long term, so we’ll be there for you whenever you need advice, a change of policy, additional cover – whatever it takes to help your business thrive.
Call us on 01625 400206 8:30am-5:30pm Monday-Friday or click the Get A Quote button.