PII INSURANCE COSTS – Speak to QPI if you want to know how to get the best result at renewal

WHAT SHOULD YOU EXPECT THIS YEAR FROM YOUR SECOND HIGHEST OVERHEAD? 1 CAPACITY It affects premiums because when there aren’t enough Insurers willing to participate, rates go up. There are three new “Insurers” (one very recent) who have entered the market in the last 12 months, all of whom will write conveyancing firms. This will …

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PII Premium Savings Insurance Market – what to do if you are not happy with your renewal terms?

In recent years, the professional indemnity insurance market for the legal sector has experienced fluctuations in premium rates and insurability challenges. However, the current landscape presents a more favourable scenario with the entry of new insurers, each striving to establish their presence and attract clients. Within the past year, three new insurers have entered the …

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Navigating Employment Practices Liability: A Comprehensive Guide for Businesses

In the dynamic landscape of modern business, employers face an array of challenges in managing their workforce effectively. From restructuring initiatives to addressing performance management issues, employers navigate a complex web of legal and ethical considerations. Amidst these challenges, Employment Practices Liability (EPL) insurance emerges as a crucial tool for safeguarding businesses against the financial …

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The Importance of Financial Benchmarking for Professional Indemnity Renewals

Introduction: Professional indemnity insurance is a vital safeguard for businesses and professionals, protecting against financial losses resulting from claims of negligence or inadequate work. As renewal time approaches, it’s crucial for businesses to conduct thorough financial benchmarking to ensure they secure the best coverage at the most competitive rates. This article explores why financial benchmarking …

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Navigating High Demands in the Legal Profession: SRA Concerns and the Impact on Professional Indemnity Insurance

Introduction: The legal profession is renowned for its high demands, ethical standards, and the complex nature of the work undertaken by legal practitioners. In this article, we will explore the challenges faced by the legal profession, the concerns raised by the Solicitors Regulation Authority (SRA), and the subsequent impact of a negative working culture on …

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Evaluating Your Directors and Officers Policy: Why It’s Time for a Review

Introduction: Directors and Officers (D&O) insurance is a crucial component of risk management for companies, offering protection for individuals serving as directors, officers, and other executives against personal losses in the event of legal action. While having a D&O policy in place is essential, it’s equally important to periodically review and update it to ensure …

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PII INSURANCE COSTS – Speak to QPI if you want to know how to get the best result at renewal

WHAT SHOULD YOU EXPECT THIS YEAR FROM YOUR SECOND HIGHEST OVERHEAD? 1 CAPACITY It affects premiums because when there aren’t enough Insurers willing to participate, rates go up. There are three new “Insurers” (one very recent) who have entered the market in the last 12 months, all of whom will write conveyancing firms. This will …

PII INSURANCE COSTS – Speak to QPI if you want to know how to get the best result at renewal Read More »