Tag Results
Ramping up insurance protection as legal work ramps up
Friday, 8 April 2022As the April 2022 Solicitors’ PI renewal season comes to a close (typically a fraught time for the leaders of Solicitors’ firms given the recent rises in premiums and the increasing requirement for Personal Guarantees as a condition of cover), it is with some irony that some of the same issues impacting Solicitors’ firms are causing legal work to ramp up from the wider business community.
Tags: Purbeck Insurance Services
Posted in associate news
Half of SME workers have ambitions to start their own business
Tuesday, 29 March 2022Finding and retaining staff has never been tougher for SMEs and the legal profession is not immune to the ‘Great Resignation’ threat of staff leaving to create their own businesses. A recent survey by Purbeck Personal Guarantee Insurance found that 50% of workers within SMEs have ambitions to start their own business.
Tags: Purbeck Insurance, Purbeck Insurance Services
Posted in associate news
Sunak’s Spring Statement must support small businesses
Tuesday, 22 March 2022Ahead of the Chancellor’s Spring Statement on 23 March 2022, Purbeck Personal Guarantee Insurance is urging Rishi Sunak to consider key measures to support small businesses following news that company insolvencies doubled in February.
Tags: Purbeck Insurance, Purbeck Insurance Services
Posted in associate news
Overcoming the hurdles of professional indemnity insurance
Monday, 7 March 2022Research suggests rising solicitors’ insurance premiums this April could prove to be a fatal blow for some beleaguered small and medium-sized practices.
Tags: Purbeck Insurance Services
Posted in Blog
As pandemic laws are lifted, new survey finds over a third of SMEs kept calm and carried on in 2021
Tuesday, 22 February 2022A new survey amongst the employees of SMEs by Purbeck Personal Guarantee Insurance, the UK’s only provider of Personal Guarantee Insurance to business owners and the partners/directors of solicitors firms, has found that over a third of SMEs (34%) took no measures at all to deal with the pandemic over the past year.
Tags: Purbeck Insurance, Purbeck Insurance Services
Posted in associate news
Money worries top concern of small business workers
Tuesday, 8 February 2022A new survey of the employees of the UK’s small businesses, has found that 25% feel more stressed and anxious than prior to the pandemic, 18% feel isolated, 18% are not sleeping well and 16% feel more depressed. More people (20%) feel worried about their mental health than their physical health (16%).
Tags: Purbeck Insurance, Purbeck Insurance Services
Posted in associate news
Solicitors urged to offer personal guarantee protection to small business clients
Monday, 17 January 2022Solicitors could be seeing an increase in demand for SME finance based services in 2022 as the Government’s COVID-19 support has eased back and take up of the Recovery Loan Scheme is expected to remain low.
Tags: Purbeck Insurance, Purbeck Insurance Services
Posted in associate news
Insurance solution cuts Personal Guarantee Risk of Solicitors’ Professional Indemnity Insurance
Monday, 10 January 2022As the April 2022 renewal season for Solicitors’ Professional Indemnity Insurance fast approaches, the Partners/Directors of Solicitors’ firms could face demands for personal guarantees from their insurer as a condition of cover.
Tags: Purbeck Insurance, Purbeck Insurance Services
Posted in associate news
Are you ready to sign a personal guarantee to secure your indemnity insurance?
Friday, 7 January 2022Perhaps the most worrying trend we are seeing in the professional indemnity market is the increased scrutiny of the financial position of SME law firms and demand for personal guarantees.
Tags: Purbeck Insurance Services
Posted in Blog
Blog
Taking a compliance-driven approach to enhance PII renewal
Adopting a compliance-driven approach can significantly streamline and improve the professional indemnity insurance renewal process, as firms now begin to look forward to 2025.
Compliance in the age of technology
Does keeping up with best practice for your law firm in compliance, finance and risk management keep you awake at night? If so, you are not alone.
Continuing competence still in the SRA’s headlights
The SRA’s second annual assessment of continuing competence leaves lawyers and COLPs in little doubt that the regulatory spotlight is still firmly on whether skills and knowledge are being maintained.
Reports
Associates
