Solicitors Professional Indemnity
December 1st is traditionally a time of uncertainty for many legal practices as Professional Indemnity coverages fall due for renewal. During this 2019 renewal season why not take a step to removing that uncertainty now and in the future by dealing with a Broker who has a track record of sourcing this cover for Irish Solicitors.
In recent times there has been some reduction in the number of PI coverage providers available to Solicitors in the UK. It remains to be seen if this will have an effect on Capacity and price in the Irish Solicitors PI market in November. Meanwhile, Axis a primary provider of cover announced to the Law Society of Ireland back in July that they would not be providing Solicitors Professional Indemnity cover in the Irish market after December 1st 2019.We Believe Axis withdrawal from the market will have a negative impact for stability and pricing for the market as a whole.
The good news however is that Crottys are aligned with providers who have performed well over an extended period and will be there to support us and our clients over the long term.
TIPS FOR A SUCCESSFUL RENEWAL – A Specialist , Speedy and Quality Presentation
- Use a Specialist who knows the market.Crotty’s specialist team and long track record is key here.
- Speed is of the essence.It is our experience that the best preparation for a successful renewal of coverage is going to the market early. The longer we have your details the more effective the Marketing of your risk which will result in the best outcome for your Practice.
- The Quality of your Presentation counts.Are you on top of any claims issues. What steps have you taken to ensure similar incidents not reoccur. Let us help you demonstrate a risk management approach to get the best results at renewal.