PII and negligence—law firms

Copyright © 2025 LexisNexis

This subtopic is intended for law firms regulated by the SRA, including sole practices. It reflects the requirements in the SRA Standards and Regulations relating to professional indemnity insurance (PII) and negligence. This subtopic is not intended for in-house lawyers or freelance solicitors.

Requirement to have PII

Law firms regulated by the SRA must take out and maintain qualifying PII with a participating insurer that provides adequate cover in respect of current or past practice, taking into account any alternative arrangements the firm or its clients make. They must also ensure that their PII provides adequate and appropriate cover in respect of services the firm provides

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL
Powered by Lexis+®
Latest Practice Compliance News

House of Commons rejects latest House of Lords amendments to the ERB

On 15 September, the House of Commons overturned the amendments made by the House of Lords to the Employment Rights Bill (ERB) during the Third Reading. The Lords proposed a number of amendments, including: a six-month qualifying period to claim unfair dismissal, an right to request guaranteed hours, and a weakening of the provisions on fire and rehire. The House of Commons instead chose to reinstate the government’s original provisions.

UK government faces fresh pressure to introduce cyber regulation reform

MLex: UK companies are still awaiting the Cyber Security and Resilience Bill, as lawmakers this week renewed pressure on the government to introduce the legislation as soon as possible. The Bill is expected to align with Directive (EU) 2022/2555 (NIS 2 Directive) and to expand regulatory duties across critical sectors. But following a cabinet reshuffle, the government refused to give a timeline when questioned on 10 September 2025, saying only that it would be introduced ‘when parliamentary time allows’.

ICO clarifies myths on storage and access technologies

The Information Commissioner’s Office (ICO) has clarified common misconceptions about how the Privacy and Electronic Communications Regulations (PECR) apply to storage and access technologies such as cookies, tracking pixels and device fingerprinting. It confirmed that PECR is not limited to personal data, that ‘strictly necessary’ must be judged from the user’s perspective, and that consent is required for non-exempt purposes. The ICO also noted that a draft impact assessment has been published and will be finalised following consultation.

OFSI publishes annual frozen assets reporting notice for 2025

The Office of Financial Sanctions Implementation (OFSI) has published its annual frozen assets reporting notice for 2025. The notice outlines the annual reporting obligations under UK financial sanctions legislation. All individuals and entities holding or controlling funds or economic resources belonging to designated persons must provide the required report to OFSI by 30 November 2025. This includes assets both within the UK and overseas, provided they fall under UK jurisdiction. Reports must reflect the status of these assets as of 30 September 2025.

View Practice Compliance by content type :  
News
Practice notes
Precedents
Q&As

Popular documents

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin
If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Late payment penalties—inheritance tax

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Glossary—Latin legal terms

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin