Travelers: Client selection

Resource - 09/04/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Practice Management

Many claims could be avoided by selecting clients more carefully.

The client who refuses to pay, does not like your advice and does not give instructions is not only difficult to deal with, but is more likely to be the source of a...

Travelers: Time limits

Resource - 26/03/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Practice Management

All dates are important but not all are time critical. Non-critical dates include routine appointments and file reviews.

While these dates are important, missing them is unlikely to generate a claim. At all stages of a matter, it is...

Experts need forward thinkers, say Travelers

Resource - 19/03/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Practice Management

Last year Travelers worked on a research report entitled ‘Legal innovation and risk management’. The report tackled two main questions – how are law firms innovating to respond to client demands and what impact is this having on...

Experts need innovative minds, say Travelers

Resource - 16/03/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Practice Management

Innovation is the current buzzword in the legal industry. Scan the management team at any top 50 UK law firm and ‘innovation’ will likely appear in at least one person’s title. Go to a legal awards event and there...

Experts needed for workplace innovation, say Travelers

Resource - 14/03/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Practice Management

Innovation is coming to the legal workspace. From collaborative working and flexi-desks to remote working and client lounges, law firms are exploring a range of initiatives that maximise client engagement and help their staff work more...

Travelers for the legal sector - because reputation is everything

Resource - 09/03/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Practice Management

Word spreads fast. In law, perhaps more than any other field, your brand is only as strong as the advice you give your clients. Your reputation is your business.

So we designed our comprehensive cover to manage the commercial...

Industry interview with Travelers: Know your change

Resource - 05/12/2017 : Law firm insurance, Lawyers insurance, Legal Practice Management, LPM magazine, SME law firms, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Marketing & BD, Practice Management

This article was originally featured as an industry interview in the November 2017 issue of LPM. To read the issue in full, ...

Travelers acquires UK-based Simply Business

News Article - 15/11/2017 : General, Law firm insurance, Lawyers insurance, mergers and aquisitions, Simply Business, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Travelers, Finance, Marketing & BD

The Travelers Companies, Inc. (NYSE: TRV) today announced that it has agreed to acquire Simply Business from Aquiline Capital Partners LLC for an enterprise value of approximately $490 million, which includes the repayment of debt and other...

Travelers: Open source information could change how legal firms operate

Resource - 26/10/2017 : Law firm insurance, Lawyers insurance, open source data, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Travelers, Technology

These days we all have access to an increasingly vast superabundance of valuable information, including media content, social media interactions, subscription feeds, corporate records, government re-ports, research articles and the open internet...

Travelers video: Open source data and law firms

Video - 26/10/2017 : Law firm insurance, Lawyers insurance, open source data, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Travelers, Technology

Video length: 1mins 26secs

The exponential growth of open source information, and the new software platforms that collect it, could provide an increasingly valuable resource for law firms and other businesses. Tim Rees is...

Travelers: Consistency is the key to keeping your small law firm secure

Resource - 26/10/2017 : cybersecurity, Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance, Technology, Practice Management

In today’s fast-moving, complex and interconnected world, how do smaller law firms manage all the new and evolving threats – from cybersecurity breaches to online reputational threats? We asked Paul Smith Risk Management...

Howden Professional Indemnity facility meets guidelines recently approved by LSB

News Article - 27/06/2016 : CLC, professional indemnity, professional indemnity broker, solicitors negligence, solicitors professional indemnity, solicitors risk management, Practice Management

The Legal Services Board (LSB) has approved the Council of Licensed Conveyancers (CLC) proposal for practices to move away from its Master Policy with an opt-out for Professional Indemnity Insurance to a more competitive open-market approach....

Law Practice Management conference

Event - 27/06/2016 : law practice management conference, professional indemnity, professional indemnity broker, Salford, solicitors negligence, solicitors professional indemnity, solicitors risk management, Conferences, Practice Management

The University of Salford is offering free funded places for this conference. To take advantage of this opportunity, click the register button on the top right and fill in your details. Within 24 hours of registering, our Delegate Acquisition...

Howden reviews the key impact of the Insurance Act for solicitor firms

News Article - 21/06/2016 : professional indemnity, professional indemnity broker, solicitors negligence, solicitors professional indemnity, solicitors risk management, Risk & Compliance

The Solicitors Regulation Authority (SRA) is currently undertaking a Consultation on The Insurance Act but this is still under discussion. Thus we cannot definitively state what the final impact will be on the Minimum Terms and Conditions (MTC)...