Eggar Forrester Insurance now has a new service dedicated to helping both high street legal firms and specialist solicitors with all their Professional Indemnity insurance needs.
Our Professional Indemnity insurance director, Jamie Underwood explains why this area of insurance cover is essential for legal firms across the UK, from solicitors working as sole-traders all the way through to large, established law firms.
All solicitors need to have Professional Indemnity insurance in place as it is stipulated by the Solicitors Regulatory Authority.
Professional Indemnity insurance will protect your firm’s financial stability and professional reputation as even the smallest oversight can lead to a costly claim.
Let’s talk to Eggar Forrester’s associate director Jamie Underwood, who leads our Professional Indemnity division.
Jamie, how does the team at Eggar Forrester help solicitors with their Professional Indemnity insurance?
“We know how complex this area of Professional Indemnity insurance is for solicitors, which is why I lead a dedicated account team supporting this market. We also have a brilliant underwriter in our partner network who specialises in Professional Indemnity for the legal sector.”
“This means we have the right team in place to provide the right solution for all types of solicitors, from those working in high-street practices to those who are specialised in a particular aspect of law.”
“It's so important to make sure that the Professional Indemnity insurance policy you have accurately reflects the area of law you work in, as the risks will be different, as will the potential awards for damages.”
How can Eggar Forrester help you achieve the best insurance premium for your Professional Indemnity insurance?
“The easiest thing to do is pick up the phone so that we can have a conversation about your practice and what level of Professional Indemnity insurance cover you need.
Often, Professional Indemnity insurance is left to the last minute, so although we can turn around a quotation within an hour, it does help us to have more time, so that we can investigate the best solution for your practice.”
What if you already have Professional Indemnity insurance in place?
“Many legal firms are keen to reduce their annual premiums, so we are confident that we’d be able to provide you with a highly competitive quote. Reducing your premium is obviously not a guarantee, but as experts in Professional Indemnity insurance for solicitors, we know exactly what level of cover you will need, so we can guarantee that you will have the right level of cover, should you ever need to make a claim.”
“We’d be happy to take a look at your existing insurance policy if you wanted to check in to see if it’s still competitive; equally if you don’t have Professional Indemnity insurance in place, we can help you with a no-obligation quote as well.”
How can law firms and solicitors get in touch with you?
If you’re a solicitor and would like to find out more about Professional Indemnity for solicitors and legal firms, it’s best to either email me jamie.underwood@eggarforrester.com or connect via LinkedIn https://www.linkedin.com/in/jamiemcunderwood/
You can also find out more about Professional Indemnity for Solicitors and legal firms on the Eggar Forrester website: https://www.eggarforresterinsurance.com/our-services/professional-indemnity