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Going without insurance is easy.

Going without claims, less so.

And that is what the SRA have failed to understand in the PII consultation which closes today. The real problem is not the cost of insurance, but the cost of claims.

So - a reminder to submit a response if you care, which you should. The proposals will be particularly damaging for smaller firms, will almost certainly increase the cost of insurance for most firms, exclude small firms from lender panels, make it unsafe to rely on another firm's undertaking, and make retirement prohibitively expensive or impossible. See https://goo.gl/95kN1r for more detail and links to the consultation.

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