By Legal Futures’ Associate Miller Insurance [1]
Following recent announcements of high profile insurers existing from the solicitor’s professional indemnity insurance market, many firms may be struggling to get cover or may not have received renewal terms at all.
What should you do next?
For any firm potentially impacted by increased premiums, no renewal terms received or struggling to get cover now is not the time to delay, this is what you should do;
- Request a confirmed claims experience from your existing broker;
- Complete a full proposal form – do not rely on a short-form that you previously may have completed
- Contrary to some of advice – do not approach multiple brokers. Instead, pick one broker with broad market access, unless a broker has exclusive access
- Validate the broker – the key question to ask is which markets they have direct access to
Miller helpline
Miller has launched a dedicated helpline to provide firms free impartial advice to help them navigate the options available.
Call the helpline on 020 7031 2510 or email solicitors@miller-insurance.com
Alternatively, you can request an indicative quote using our online quick quote tool [2] with a guaranteed response in 48 hours (Mon – Fri)