Indemnity insurance


Negligent firm ordered to pay €3.5m to property investors

31 March 2020

A defunct Italian law firm that operated in London has been ordered by the High Court to pay €3.5m to investors in a failed holiday development that allegedly had links to the Mafia.


First indemnity insurance for freelance solicitors launched

13 February 2020

An insurance intermediary in the City of London has opened the door to the new breed of freelance solicitors by launching the first indemnity cover for them.


SRA gives up on major indemnity insurance reform

19 December 2019

The Solicitors Regulation Authority has ended a controversial five-year project to reform the professional indemnity insurance regime, meaning the minimum level of cover will not be cut to £500,000.


Supreme Court backs miner’s claim against solicitors

20 November 2019

A miner who lost the chance of compensation due to the negligence of his solicitors is entitled to damages because later evidence indicating that he was not eligible was irrelevant, the Supreme Court has ruled.


Boxer’s banker fails in negligence claim against lawyers

18 November 2019

A solicitor, his law firm and the barrister they instructed have been granted summary judgment on a negligence claim brought against them by a banker fired for his work with boxer David Haye.


SIF rule could be “catastrophic” for retired solicitors

20 September 2019

Refusal by the Solicitors Indemnity Fund to accept notifications of potential claims could be “catastrophic” for retired solicitors, a specialist in professional regulation and insurance has warned.


Solicitors “must think about run-off cover” ahead of SIF closing

15 August 2019

Partners and fee-earners in law firms which have closed should give “careful thought” to buying additional run-off cover to protect them when the Solicitors Indemnity Fund closes next year.


Court strikes out “incomprehensible” claim against law firm

1 August 2019

The High Court has struck out a claim for professional negligence, breach of contract and fiduciary duty made against a central London law firm which was based on “incomprehensible pleadings”.


PII reform views “evolving” due to market changes

21 June 2019

There are powerful reasons why the SRA and Law Society could reverse their positions respectively in favour of and against reform of professional indemnity insurance, it has been claimed.


New indemnity insurer offers rewards for well-behaved firms

18 June 2019

A new professional indemnity insurer is claiming to be the first to offer well-run law firms “direct financial rewards” – such as a full premium rebate in a firm’s fourth year if it remained claims-free.

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Blog

31 March 2020

How two firms use technology to minimise human error

Human error is a leading cause of reported data breaches in the legal industry, and mistakes like sending an email to the wrong person can have serious consequences under data privacy laws.

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