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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.
LONG TERM RELATIONSHIP
We have been very pleased with the service that we have received from Chancery Pii since October 2013. Chancery Pii have worked hard at developing a long term relationship and we look forward to working together in the future.
Navjiven Mandair
EXCELLENT CUSTOMER EXPERIENCE
My firm was a ‘new start’ opening on the 1 December 2013 and professional indemnity insurance was a key issue. I heard about Chancery Pii through personal recommendation and the regular Law Society ‘Professional Update’ emails. My customer experience was excellent. From the first phone call the team were helpful and responsive and assisted me in dealing with the application process – particularly as a new firm. I cannot speak highly enough of the professionalism, speed, quality and humour of the team at Chancery Pii. The company also delivered on that which was most important for my firm – a wholly appropriate quotation for professional indemnity insurance.
This is a very positive demonstration of the support from The Law Society for the profession in these difficult days of economic instability combined with fundamental legislative changes in the provision of legal services.
Mark Brown
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.
