Apex possesses a vast knowledge and wide experience of arranging professional indemnity insurance for solicitors.
We support solicitors in the placing of their insurance policies with a number of dedicated experts. In today’s highly competitive market, there are many brokers competing for your business, so it has never been more important for practices to choose the right insurance partner.
Arranging Professional Indemnity Insurance for Solicitors
With the change of regulator to the Solicitors Regulation Authority, and the likelihood of increased competition within the industry, keeping margins high and thus professional indemnity premium expenditure low has never been more important. Apex Insurance is highly experienced in locating the most cost-effective PI insurance for all practicing solicitors whilst also ensuring that your policy meets the stringent requirements of your regulating body.
We have access to major insurers via exclusive schemes, which means we can negotiate the best possible terms on professional indemnity insurance for solicitors. We also operate a fast, reliable claim handling procedure to ensure that our solicitors have access to a service that will resolve their case with minimal fuss.
Our skilled brokers will also be able to advise on the level of indemnity cover needed. This will vary from firm to firm, depending on how the company is defined by the Solicitors Regulation Authority (SRA). If the company is as a relevant recognised or licensed body, it will be required to have cover in place totalling at least £3 million for any individual claim. Sole practitioners and partnership firms generally need cover of at least £2 million.
Please note that solicitors’ professional indemnity insurance will not cover certain actions or costs. Be sure to check with your broker for a broader explanation of the terms of your policy.
Call 0117 325 0027 to speak to us about your indemnity insurance requirements. Alternatively, please send a copy of your existing brokers proposal form to St Nicholas House, 31-34 High Street, Bristol, BS1 2AW for a quotation. You can also download a copy of our Solicitors proposal form.