Lockton Management Liability for Law Firms - Coverage Overview
There has been some recent press around the investigative powers of the SRA and whether the cost of representation through such examinations might be covered under D&O (Management liability Policies).Read More
Who do I need to train on AML and what do I need to train them on?
The answer to this lies in the money laundering regulations 2017, it is required that you train relevant staff regularly. What the below video to find out more.Read More
How resolute is your chosen advisor- is now the time to consider a switch?
The winds have, and are continuing to change in the solicitor’s professional indemnity market, and with this in mind having the right broker fighting for your practice’s interests will be crucial.Read More
Cyber Attacks in the Professional Services Sector
Professional services firms make attractive targets for cyber criminals and are experiencing an increase in cyber-attacks. The professional services sector, a term that encompasses firms across the spectrum of accounting, legal, insurance and other client-focused businesses, has become a prime target for a number of reasons. One major factor is their access to confidential and sensitive client information, which typically is of great value.Read More
When am I suspicious of AML
When it comes to money laundering it is important that you understand the level of suspicion and how serious you have got to be before you have a reporting obligation or you risk committing an offence. In order to be guilty of a money laundering offence you have to know or suspect that what you are dealing with is criminal property.Read More
How do conflicts of interest arise?
According to the SRA there are two types of conflicts. There's the conflicts that clients might have with each other if we're acting for two clients against each other, or there's a conflict we can have, an own interest conflict, where we have an interest that conflicts with the client.Read More
A review of the October PII Renewal- Why the market changed and the impact it had
Since the abolishment of the Solicitors Indemnity Fund, the October PII renewal season has always been a challenge. Many law practices have had fluctuations in premium, but it has been a number of years since a renewal season has had such a significant financial impact on the Legal Profession of England and Wales.Read More
Changes to SRA Indemnity Insurance rules
The SRA have recently issued a statement to the profession stating that when their new Standards and Regulations come into effect on 25th November 2019, all professional indemnity insurance policies will need to change to reflect their requirements.Read More
Do I still have to do CPD?
In November 2016 the SRA changed the requirements for CPD. Find out more on the new regime of continued competence and what is expected.Read More
What do I need to know about the new SRA standards and regulations?
The new SRA standards and regulations are going to come into force on the 25th November 2019. Find out exactly what the main changes are and how this will affect your firm.Read More
Who is a Politically Exposed Person?
Find out exactly who is a Politically Exposed Person (PEP), what your obligations are under the Money Laundering Regulations 2017 and the systems you need in place.Read More
Your shop window to insurers - How to use it effectively
Depending when you renew, you could be vying for the attention of an underwriter’s time with hundreds possibly even thousands of your peer group so it is important that you make an effort to stand out from the crowd. After all, your renewal presentation is effectively your shop window to insurers so it is imperative that you use it effectively.Read More
The Art of Underwriting - a guide to understanding how insurers price for your practice
A fundamental of insurance is that “the premiums of the many, pay for the claims of the few.” This means that all firms can and will be impacted by claims experienced by their professional peers.Read More
- Proposal Form -
Solicitors Professional Indemnity Proposal Form (1-20 Partners)
- News - Property/Conveyancing
Leasehold properties - Grounds for concern for solicitors?
- News - Property/Conveyancing
- News - Professional Indemnity, Claims
Insured with Enterprise? Managing the fall-out from liquidation
- Guidance - Risk Management - General, Legal/regulatory changes, AML
The Biggest Change to AML in a Decade
- News - Risk Management - General
Client Account Dangers Exposed
- Guidance - Fraud & Scams
Invoice fraud: educating your clients
- News - Professional Indemnity
Solicitors PII Renewal Statistics - a year in review