The team of professional indemnity (PI) experts at Miller are proud to launch their quick quote tool that can provide law firms with a premium indication in as little as a few days.
Developed to allow firms to benchmark their PI insurance, the team believe this tool can help many law firms save money on their PI premium by identifying when they’re paying too much. Start-up law firms can utilise the tool too to help with budgeting.
The tool has also come at a crucial time for law firms as high volume of claims and insurers exiting the market has resulted in a significant reduction in insurer capacity. Many will see their premiums increase in this hard market, some up by 20%. It’s worthwhile to get multiple quotes during this tough renewal season.
As a leading broker in the sector, we have focused on expanding our capabilities to improve our offering to firms, demonstrating Millers investment in the sector. The benchmarking tool follows two senior hires, expanding the UK Professional Risks team. Ed Pickard now heads up the department with over 35 years’ market experience in working with large law firms. Taurai Ushe joins the team with extensive knowledge in sourcing insurance solutions for law firms.
“We have strengthened our teams as the market has hardened. We have recruited from both insurers and from law firms, so we are able to talk the language of underwriters and understand the issues law firms face when they have to make a claim”, says Ed Pickard, Head of UK Professions.