Professional Indemnity Insurance (PII) is fundamental to the success and stability of every law firm. As specialist brokers for the legal profession, Howden understand the importance of keeping the profession informed so that firms can plan for their next Professional Indemnity Insurance (PII) renewal.
Firm’s don’t want any surprises when it comes to the cover needed to stay in business.
In their latest Market Report, Howden examines the outcome of the October 2021 solicitors’ PII renewal and provides insight into what your firm can expect from the market in 2022.
They also share with you some recent claims stats and offer the inside track on issues currently on underwriter’s radars so you can consider what might be needed, in advance of your 2022 renewal.
A discussion regarding PII cover for work undertaken abroad or involving foreign law or overseas-based clients will be of interest to a number of firms. There’s also an article you can share with others in your team that discusses the basics of PII.
Wellbeing within law firms is currently a hot topic for the SRA and should be on every law firm’s agenda. This report reveals some important insights from Howden’s specialist Employee and Benefits team on this important issue.
There are several SRA-related issues currently circulating worthy of an update, including "silent cyber" and the current consultations regarding post six-year run-off cover and the SRA’s proposal to increase the fines it can levy against the profession.
To access Howden’s full market report, go to: https://view.publitas.com/howden-uk-group/solicitors-market-report-january-2022/page/1