Solicitors' professional indemnity FAQs 

What does solicitors’ professional indemnity insurance cover?

Solicitors' professional indemnity insurance covers claims made against you by a client or third party that alleges negligence, a breach of trust or confidentiality, or defamation. The policy covers the cost of any damages awarded, claimants’ costs and the costs of defending the claim.

Is solicitors’ professional indemnity insurance a legal requirement?

Yes. Solicitors’ professional indemnity insurance became compulsory for all law firms following the introduction of the Solicitors Act 1072, which intends to protect the public and to uphold the reputation of the profession.

Why do I need a professional indemnity insurance broker?

A good insurance broker is able to assess which insurers cover your type and size of law firm, their relative financial strengths and their attitude and approach to paying claims. They’ll also be able to advise you on risk management measures that could lower your premium in future.

Some brokers don’t have direct access to insurers or are tied to a single insurer. We recommend you select a broker that can approach a broad range of insurers directly to obtain the most appropriate terms for your firm.

How does the renewal process for professional indemnity insurance work?

The renewal should be straightforward. It begins with a formal invitation from your broker for you to submit an up-to-date proposal form for renewal, normally 90 days prior to renewal but no later than 60 days before renewal.

You also have the option to benchmark the quote they give you against terms that other brokers are able to obtain. You can request an indicative quote from Miller by selecting the link above and completing a simple form.