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Winds are changing in solicitors’ PI insurance
Solicitors have benefited from stiff competition among insurers. But the headwinds are beginning to pick up, so law firms need to prepare or risk getting caught out.
As a Managing General Agent we have the ability to choose which capacity providers we work with. This gives us the freedom to only work with insurers who have a financial strength rating* of at least A+ (Standard & Poors) or equivalent and who share our dedication to provide 1 - 4 partner firms with competitive premiums.
*Financial strength ratings are statistical ratings not guarantees.
OUTSTANDING SERVICE
The Law Society must support the small firm. Looking forward, the small high street practitioner does have a future and at the present time, perhaps their biggest difficulty is dealing with professional indemnity insurance. In 2013 we enjoyed the benefit of the service provided through Chancery Pii, which has been outstanding.
Bill Hoyland
THE INSURANCE PROCESS MADE QUICK AND EASY
We can’t thank Chancery Pii enough for the professional service that they provide and the personal touch that really sets them above other competitors. Despite being a small Law Firm, they provide all the reassurance that our business is valuable to them. Chancery Pii make the insurance process quick and easy and it is reassuring that we have their level of support.
Sonny Chall
Our claims managers are always on hand to provide support and helpful advice during the claims process.
Solicitors have benefited from stiff competition among insurers. But the headwinds are beginning to pick up, so law firms need to prepare or risk getting caught out.
Law firms that are the victims of hacker attacks, data breaches or lawsuits resulting from identity frauds are regularly in the headlines. We consider three scenarios to help you assess whether you should get cyber insurance cover.
