Want to know what is happening with solicitors’ PII in 2023?
Howden is keeping you informed so you will be one step ahead for you next renewal.
In the latest Market Report Howden examine the outcome of the October 2022 solicitors’ PII renewal and forecast what you can expect in 2023. This discussion also highlights issues that are causing PII underwriters concern, providing useful insight as your next renewal approaches.
Given today’s challenged economy Howden understand that law firms will be focused on achieving the best outcome they can at renewal. They discuss how to showcase your firm at renewal with a supplementary document that goes beyond the proposal form to give underwriters a more complete view of your firm.
Watch the welcome video from author Jenny Screech to find out what to expect in this edition.
PII cover for overseas offices is also the subject of an article in this edition. If you are considering opening an office outside England and Wales, this article will be a good starting point to ensure that you understand what the options are for PII cover.
You might also be interested to know more about the agreement that your insurer signs up to with the SRA in order to offer PII to law firms. There are some provisions in the agreement that might surprise you and are useful to be aware of.
Finally we discuss the issue of law firm mergers and acquisitions having recently seen an increase in this activity across the profession. We highlight some of the “successor practice” issues involved and point you in the direction of our more comprehensive article discussing this issue that we have recently updated.
Download the full market report here: Howden Insurance Brokers Ltd - Solicitors’ Market Report January 2023 - Page 1 (publitas.com)