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The future of professional indemnity insurance

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Published on: 21 June 2013

Published by a LexisNexis Practice Compliance expert

Table of contents

Original news
Can you outline the main points made by the report?
How would a single scheme for PII and compensation work? And, is it feasible?
What would be a possible timeframe for such a scheme?
Was the LSCP right to reject the suggestion that consumers could purchase their own insurance instead of their solicitor buying cover?
What can firms expect now?

Article summary

Practice Compliance analysis: What is the Legal Services Consumer Panel’s (LSCP) take on the future of lawyers’ professional indemnity insurance (PII)? Jonathon Bray, ex-solicitor and compliance specialist at Jonathon Bray Legal Services, warns the proposed changes have to be carefully thought through before implementation.

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