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All PII articles
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NewsFirm floored by 238% hike in indemnity insurance bill
Premium increase wiped out profits at West Midlands firm which was already facing challenges.
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FeatureDouble indemnity
Greater choice is driving a more competitive PII renewal round. Eduardo Reyes reports from the latest Gazette roundtable discussion.
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NewsGreater competition between insurers softens PII market
Number of firms having to close due to difficulties in obtaining professional indemnity insurance has fallen.
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NewsPII research finds small firms clobbered by higher premiums
Smaller practices may be seen as higher risk and are victims of market structures.
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FeatureDo you know your practice?
The professional indemnity market for solicitors is being shaped by concerns over conveyancing, financial stability and a regulatory focus on wellbeing. Fortunately there is greater stability in prospect.
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FeatureProperty and PII: How does it or how could it affect your firm?
Law firms should question if the property work they are doing is producing the expected benefits.
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NewsFinal Metamorph domino falls as 'revolution' peters out
Parrott & Coales forced to give up survival fight after failing to secure PII insurance.
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OpinionPII charted
Law Society’s most extensive and detailed survey of PII trends since 2018 is a must-read.
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NewsPII trends: seven in 10 firms still lack cyber-insurance
First Law Society survey of professional indemnity insurance since 2018 also tracks huge increase in premiums as market hardened.
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NewsNews focus: trends in professional indemnity insurance 2023 - main findings
New Law Society research on PII trends is required reading for law firms that want to keep premiums in check. The market has eased, but small firms in particular still find the process difficult.
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NewsSIF rule changes rubber-stamped but concerns linger about viability
SRA will consult on compulsory levy if safety net requires extra funds.
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OpinionLetters roundup: 14 Aprill 2023
The cab rank rule, India and professional indemnity insurance: your letters to the editor.
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FeatureSpring thaw
Good news at last – the professional indemnity insurance market is softening and there may be new capacity on the horizon. Eduardo Reyes reports from the latest Gazette roundtable.
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NewsPII premium rises dip below 10% as market softens at last
Law firms renewing cover this autumn can expect increases roughly in line with inflation for the first time in years.
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NewsFirms go under as PII premiums soar to 20% of turnover
Indemnity insurance becoming particularly expensive for firms reliant on conveyancing work.
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NewsBig Five law societies fight SRA's SIF plan
Birmingham, Bristol, Leeds, Liverpool and Manchester societies express ‘deep concern’ that regulator failed to consult on other options.
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FeaturePII: a change in the weather
Long Read: Premiums are still going up, but the professional indemnity insurance market is softening at last.
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NewsSolicitor ‘duped’ by fraudster clients loses appeal against ban
SDT struck off east London solicitor because he failed to carry out proper checks and misled insurers.
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NewsFirm shuts citing ‘unmanageable’ rises in PII costs
Conveyancing practice secures merger with 360 Law Group after finding insurance too expensive.
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NewsNews focus: Sole practitioners are fed up with unfair competition
Delegates at the annual SPG conference heard about problems unregulated legal providers are causing the profession and their clients. But there was better news on PII