Broker warns on solicitors' PI
Marsh has warned the rest of the industry not to waste time as the 1 October solicitors' professional indemnity renewal deadline looms, writes Emmanuel Kenning.
Marsh is urging brokers to ensure that their solicitor clients renew their professional indemnity cover as early as possible this year. In particular, brokers with clients of four or fewer partners should take every step to avoid the scenario of going into the assigned risk pool.
Sandra Neilson-Moore, Marsh's European practice leader for law firms' PI, said: "Insurers are going to be more choosy than they were in the past. It would really be in the best interest of every size of law firm to
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