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Small law firms suffer from rise in professional indemnity premiums

Professional indemnity insurance (PII) premiums have increased by 50% for some solicitors, the Law Gazette reports.

PII experts told the magazine that some small law firms have been denied cover, while some have seen massive increases in the cost of premiums despite little change to their circumstances. A spokesperson at a Liverpool legal firm said there have been more instances of insurers denying cover "on rather dubious grounds".

To read more on this story go to:
http://www.lawgazette.co.uk/news/small-firms-suffer-pi-premiums-soar

 
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