This Practice Note explains some practical examples of how best to tackle the renewal of your professional indemnity insurance (PII) policy. Securing PII cover is not always easy, even for an established firm. You could find that your insurer is not willing to renew the policy, or you may face significant increases in premium.
This Practice Note is intended for law firms. All firms regulated by the SRA must have professional indemnity insurance (PII) cover in order to practise. The PII must be obtained from a qualifying insurer. This Practice Note provides guidance on the steps you should take to secure that cover for a new legal practice.
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