Stefanie Aseervatham - Lockton Solicitors

Stefanie joined Lockton in early 2017 shortly after qualifying as a Solicitor from a specialist Professional Indemnity Insurance Legal practice based in the city. Stefanie is responsible for a renewal portfolio of law firms based in England and Wales and has recently completed a secondment assisting with the Law Society of Scotland Master Policy Renewal.

Extended policy period - What you need to know

Due to hard market conditions and the ongoing impact of Covid-19, some practices may be facing very difficult decisions during their upcoming professional indemnity insurance (PII) renewal period. The unfortunate reality is that some firms may struggle to obtain cover and could fall into the extended indemnity period as a result.

Extended Indemnity Period – Dispelling the Myth

To put simply, the Extended Indemnity Period (EIP) is not “extra time” to renew your Professional Indemnity Insurance. There appears to be a common misconception of what the Extended Indemnity Period (EIP) is intended for. This article aims to clarify matters whilst also addresses the potential implications and impact on a practice entering the EIP.

Latest articles by Stefanie Aseervatham

Extended policy period - What you need to know

Extended Indemnity Period – Dispelling the Myth