Why do you need professional indemnity insurance?
Solicitors – operating in either commercial or private fields – have a responsibility to provide specialist legal advice that meets their clients' needs and expectations.
This responsibility brings a risk of being held to account for a client’s financial loss, should incorrect advice be given. Mistakes happen and allegations of professional negligence can be difficult and expensive to defend. Solicitors professional indemnity insurance will protect your business if it is found liable for any compensation payable to the claimant and any legal costs incurred defending the claim.
Holding professional indemnity insurance cover is a mandatory requirement as stipulated by your regulatory authority.
At Marsh Commercial, we can help mitigate the day to day risks solicitors face. In addition to providing protection should your business be liable for any compensation payable, our services also include risk management support. We also have a dedicated in-house claims team that will guide you through the claims process step by step to find the right resolution.
What can it do for you?
Offering levels of cover to suit your needs, our range of professional indemnity insurance for solicitors combine competitive value with the following additional benefits:
- Automatic renewal facility (subject to criteria).
- Capped excess.
- Free tax advice helpline for you and on behalf of your clients.
- Interest-free instalment facility (where appropriate)
- Dedicated claims team.
- Free 24-hour legal and counselling advice helplines for all partners.