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Mick C - we will never agree on this. But I don't know why you assume that claimants will not sue a solicitor who has no insurance. I have evidence to the contrary in cases where (a) firms have had insurance with an insurer which failed without recourse to the FSCS and (b) where firms had insufficient cover.

There are many problems in reducing cover, as I have commented several times previously. One particular anomaly is that we are prohibited from limiting liability below the current minimum (£2m/£3m) but the minimum cover may reduce in future. The claims made nature of PII policies means that firms and individuals may face claims for whcih they have insufficient insurance as a direct result of the current prohibition in O(1.8)