Marsh's new PI offering targets cover issues for small law firms
As another challenging renewal season for solicitors’ professional indemnity (PI) approaches, Marsh has launched a service designed to cater for smaller practices.
The global broker has entered into partnerships with Legal and Professional Insurance, part of Liberty Mutual Insurance Europe, and with XL Insurance. The former will provide cover for two to three-partner firms while the latter will give access to PI insurance for firms with four to 10 partners.
The move by Marsh followed market leader Chartis' decision to reduce its appetite and only write renewal business this season.
The Solicitors' Regulation Authority has also decided to amend its
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