Insurance buying factsheets

Resource - 02/02/2016 : factsheets, Howden, pii, professional indemnity, Practice Management

It is important for businesses of all sizes to prepare and be organised for the insurance buying process.

These factsheets have been developed to give your business tips on the process, managing your premium, understanding your policy and...

Since the end of the common renewal date, solicitors’ PII is no longer just about September

Resource - 26/01/2016 : insurance brokers, pii, professional indemnity renewals, Practice Management

This blog post by Janine Parker from Paragon International Insurance Brokers was also featured as a column in the ...

Simple, straight forward funding for your Professional Indemnity Insurance (PII) premiums

News Article - 11/08/2015 : insurance funding facility, legal practice insurance, pii, professional indemnity insurance, V4B, Finance, Risk & Compliance

Professional Indemnity Insurance premiums can often be one of the largest single costs a legal firm can have.  As a result of this, it is usually the case that Law Firms prefer to spread this cost throughout the year breaking it into...

Cyber risks: The facts for lawyers

Resource - 05/08/2015 : cyber risk, data, fraud, Howden, lawyers, pii, Risk & Compliance, Technology

Businesses are constantly exposed to the dangers of a cyber attack with hackers becomingly alarmingly sophisticated. Here, we list the key areas of concern for solicitors. 

1. Loss of client money

For...

Since the end of the common renewal date, solicitors’ PII is no longer just about September

Blog post - 28/07/2015 : insurance brokers, pii, professional indemnity renewals, Practice Management

This blog post was also featured as a column in the February 2015 issue of Legal Practice Management magazine...

Top tips for PII renewal 2015

Resource - 02/07/2015 : Howden, pii, professional indemnity insurance, tips, Technology, Practice Management

You may recall my advice last year for a pain-resistant renewal. I hope that it helped you towards your least-troublesome Professional Indemnity Insurance (PII) renewal of...

Professional indemnity insurance forum

Event - 03/06/2014 : Central London, Lockton, pii, professional indemnity insurance, Risk & Compliance, Round tables, Practice Management

Following the decision by the Solicitors Regulation Authority (SRA) not to impose a minimum rating on insurers after all, they have issued a glut of new consultations, including one proposing major changes to the PII regime for solicitors....

Firm angry over inclusion on SRA indemnity list as solicitors predict PI firms will dominate next one

News Article - 22/01/2014 : Grants Solicitors, law firm, law firms, Legal News, PI firms, pii, professional indemnity insurance, solicitors regulation authority, SRA, Risk & Compliance, Practice Management

There have been some angry reactions to the Solicitors Regulation Authority’s publication last Friday of the names of 136 law firms which did not secure professional indemnity insurance (PII) by 29 December.

Most vocal...

SRA reveals some of 136 firms without PII insurance have “failed to close”

News Article - 20/01/2014 : 136 firms failed to renew, closedown, law firm, law firms, legal, Legal News, pii, professional indemnity insurance, risk and compliance, SRA, The Solicitors Regulation Authority, UK law firms, Risk & Compliance, Practice Management

The Solicitors Regulation Authority (SRA) has published a list of 136 firms that failed to renew their professional indemnity insurance since October, but said a small number have failed to close properly.

The authority broke with its...

SRA set to publish names of uninsured firms

News Article - 14/01/2014 : insurance, land registry, pii, professional indemnity insurance, solicitors regulation authority, SRA, Human Resources, Risk & Compliance

The Solicitors Regulation Authority (SRA) should this week publish a list of those law firms which were to have closed on 29 December because they failed to secure professional indemnity insurance, Legal Futures has...

SRA tells uninsured firms to “come clean”

News Article - 08/01/2014 : legal futures, Mike Haley, pii, professional indemnity insurance, solicitors regulation authority, SRA, Uninsured law firms, Finance, Risk & Compliance

It is unclear how many of the 116 firms that were meant to have shut down last week for failing to secure professional indemnity insurance (PII) have actually done so, the Solicitors Regulation Authority (SRA)...

Number of smaller law firms on financial precipice soars

News Article - 30/09/2013 : begbies traynor, Finance, legal futures, pii, small and medium sized firms, sme, Finance, Community

The number of small and medium-sized law firms in financial distress is has soared to nearly a quarter of the profession, while one in eight has gone out of business in the last year, according to new figures.

It means that the change in...

Report: indemnity insurance market softening this year but underwriters wary of non-lawyer owners

News Article - 17/08/2012 : pii, Finance, Finance

There are signs of a softer professional indemnity insurance (PII) market for some law firms this year, but underwriters are looking to handle alternative business structures with care, a new report has claimed.

The annual market...

Law Society publishes updated PII practice note

News Article - 01/08/2012 : pii, practice note, The Law Society, Risk & Compliance, Risk & Compliance

If you are a solicitor in private practice, you are required to take out and maintain PII in accordance with the Solicitors' Indemnity Insurance Rules, by 1 October each year, but current market forces mean it can be difficult to obtain....

India outsourcer sets up in Manchester as LPO focus shifts to PI and conveyancing

News Article - 19/01/2012 : conveyancing, outsourcing, pii, Finance, Finance

Indian outsourcing company Mangalam Information Technologies has set up an office in Manchester as it explores the opportunities for legal process outsourcing (LPO) in the UK, including "low hanging fruits" such as personal injury (PI) and...