If its time for your firm to renew its professional indemnity insurance, read the Society’s market outlook in our updated FAQs.
The SRA has not yet published a full list of participating insurers, but firms may wish to refer to our guide to insurers. It lists most of the insurers who intend to apply, along with their financial security rating and what size of firm they cover.
Purchasing the level of PII appropriate for your firm
A new ‘outcome’ in the SRA’s Code of Conduct requires firms to assess and purchase the level of PII appropriate for their firm. Our updated advice has a list of factors firms should consider when assessing whether their PII arrangements are adequate. It also highlights situations where it may be prudent to purchase top-up or excess layer cover.