All PII articles – Page 4
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OpinionWhisper it quietly, but law firms have done well in lockdown
Costs have been shaved and home working is a success - no wonder the market is so calm.
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NewsClient account outsourcing fails to take off
SRA pushing benefits of third party managed accounts as a way of limiting insurance costs.
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OpinionPII: Now is the time to act for spring renewals
Law Society suggests how firms can prepare for an April renewal, and provides alternatives for those concerned about the future.
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NewsClaims against solicitors rose during lockdown, study suggests
Firms need to bolster their risk management practices as staff continue to work from home, says City firm.
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FeatureRunning for cover
Law firms must brace themselves for big increases in indemnity premiums. Eduardo Reyes takes the pulse of a rapidly hardening market.
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FeaturePII: Renewal or run-off?
If you have serious concerns about the viability of your business, then now might be the most sensible time to close.
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NewsLet us cancel PII policies for non-payment, plead insurers
Trade association says insurers are being asked to take on unsustainable risk during current crisis.
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NewsFirms told to brace themselves for October PII hike
A hardening market combined with Covid-19 could mean an expensive renewal bill.
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FeatureIf you have a 1 October PII renewal date, act now
Chair of the Law Society’s Professional Indemnity Insurance Committee issues an important warning to solicitors.
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NewsSIF extended: Claims lifeline for closed firms given one-year reprieve
SRA bows to pressure to extend the Solicitors Indemnity Fund.
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NewsSRA under pressure to extend SIF cover past 2020
Fund due to be closed down this year, but Law Society says insurance market not responding to help firms.
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NewsSRA offers extra 90-day window to firms suffering PII crisis
Firms can try to negotiate an extra policy period with their insurers in order to secure cover.
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FeatureRunning for cover
With premiums on the up and income in freefall, the Gazette assembles a panel of brokers and solicitors for insights and advice on professional indemnity insurance. Maria Shahid reports.
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NewsSole practitioners ‘alive and well’ despite lockdown, says SPG
Representative group wants adjustments to grant threshold and reduction in PII premiums.
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NewsSRA offers little leeway for firms struggling to renew PII
Guidance states that firms with no cover must enter 90-day final countdown.
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NewsScheme steps in to protect solicitors covered by failed insurer
CBL Insurance Europe DAC was declared in default last month and is being liquidated.
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NewsCommercial lawyer one of the first to take up freelance status
Jo Rayner says her status can give her flexibility she needs as SRA reforms start to take effect.
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NewsBroker steps in to offer freelance solicitors a PII solution
There has been concern few insurers would be willing to commit to an uncertain market.
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NewsSRA abandons five-year quest to slash minimum PII cover
Regulator announces that its latest proposals to reform indemnity insurance were 'unlikely to deliver benefits for firms and clients'.
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FeatureProfessional indemnity insurance: have you notified all claims?
You must notify your current insurer of any outstanding claims before policies expire.