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Solicitors Professional Indemnity

Solicitors Professional Indemnity

All solicitors in the United Kingdom are required to have Professional Indemnity insurance by their regulatory bodies and Nova Insurance can help secure you a competitive quote.

Solicitors in England and Wales are regulated by the Solicitors Regulation Authority (SRA), which sets out minimum terms and conditions that must be included in all solicitor professional indemnity policies. Solicitors in Scotland and Northern Ireland are regulated by their respective law societies, and their professional indemnity insurance policies are created through a compulsory Master Policy.

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Common Risks

The following is a list of risks solicitors can face:

  • Risks from providing professional legal services, such as giving advice to clients and assisting with legal matters, performing services and giving investment advice.
  • Cyber-liability risks from new technologies, such as digital document storage, electronic filing of documents and mobile technology.
  • Unfamiliar areas of law—it may be necessary to start practising in new areas in today’s economy, but it produces risk.
  • Risks from pro bono work, including working with law centres, charities and other non-commercial advice services.

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