Professional indemnity insurance (also known as PI insurance) is designed to protect you and your business from any claims which may arise from a problem with work, a mistake or advice you have given your customer or client. It protects you against any compensation you may have to pay as well as any legal costs incurred as a result of such claims. Professional liability insurance can offer the peace of mind you need when running any business and can prove extremely valuable should you find yourself on the receiving end of a negligence claim.
Arkwright insurance brokers work alongside some of the UK’s best providers of professional indemnity to get you the best policy for your needs at the best possible price. Our advisors can help you identify potential risks and work with you to find the best policy for your individual needs.
If you would like further information on any of these areas of insurance or would like a professional indemnity insurance quote, then speak to one of our specialist insurance advisors on 01204 393 525.
Solicitors and their respective law firms face various challenges within their practice remit. For this reason, we work very closely with insurance companies who on our panel so that our agents are up to date with any changes and are equipped with the know-how regarding the industry and to understand the client’s commercial risks and also help to guard their reputation. We can offer solicitors a complete package of benefits to cater for the needs of your practice and staff and includes:-
All solicitors in the United Kingdom are required to have professional indemnity insurance by their regulatory bodies. Solicitors in England and Wales are regulated by the Solicitors Regulation Authority (SRA), which sets out minimum terms and conditions that must be included in all solicitor professional indemnity policies. Solicitors in Scotland and Northern Ireland are regulated by their respective law societies, and their professional indemnity insurance policies are created through a compulsory Master Policy. It is imperative that solicitors and law firms recognise emerging professional indemnity risks and do everything in their power to protect themselves from those risks.