Professional Indemnity Insurance for Solicitors provided by several specialist insurers.
The Solicitors Regulation Authority have minimum professional indmenity insurance requirements.
Obtaining professional indemnity insurance for solicitors can be very challenging. Whilst there are a number of qualifying insurers they do not always have an appetite for solictors professional indemnity insurance. RMK has access to several specialist professional indemnity insurers and are usually able to source several quotes based on the same information.
Typically professional indemnity insurers will want to know the following ;
Existing Solicitors practice –
- A copy of your solicitors renewal proposal form
- Confirmed claims experience for the last 6 years and premium history for the last 3 years
- Details of the current professional indemnity insurer
New Solicitors Practice –
- Please complete a solicitors professional indemnity proposal form. Click here if you require a form to download to your computer.
- Business plan, including (realistic) cash-flow / turnover estimates for the first year. This should include Information on cash injections, so insurers know that you have enough cash to keep trading
- CV’s for all partners/principals/directors
Should you wish to discuss your professional indemnity enquiry please contact Lee Turner on 01702 426353 [email protected]
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