Paragon is the Law Management Section supporter.
Paragon is an independently owned, global insurance broker with market-leading capabilities and experience in the financial and professional lines sector. Paragon deliver risk transfer solutions, claims advocacy and risk management support with a bespoke, personalised approach unique in the industry.
Paragon’s UK professions team specialises in placing professional indemnity (PI) insurance for solicitors in England and Wales ranging in size from sole practitioners to magic circle firms.
Paragon’s longstanding personal relationships and geographical location in the heart of the City of London give access to the major insurers in the PI insurance market. Paragon understands that no two firms are the same. Paragon learns about you, your culture, your business and your goals so it can offer you tailored insurance solutions from its wide panel of ‘A’ rated insurers.
In addition, Paragon also have an exclusive scheme designed specifically for solicitors in England and Wales called LawSelect. As well as competitive premiums, LawSelect provides clients with an insurer-subsidised risk, and business management support provided by external third parties who specialise in supporting the legal sector.
Paragon products tailored to the legal sector
- ‘LawSelect’ – an exclusive ‘A’ rated professional indemnity provider with no cap on areas of practice.
- ‘Cybercrime & DataProtect’ – created to indemnify and assist law firms following a cyber incident, including a breach response team led by DAC Beachcroft, assisting with notification and regulatory requirements.
- ‘ Partner & PracticeProtect’ – protection for individual partners, directors, members, and the appointed compliance officer for legal practice (COLP) / compliance officer for finance and administration (COFA) for claims brought against them in relation to actual or alleged breaches of duty.