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Professional Indemnity Insurance Solicitors
Quotezone specialises in helping solicitors find cheap professional indemnity insurance quotes to best suit your needs. The cheapest PI insurance quotes are available by accessing our large range of online and offline sources. Using our extensive database we can connect you to UK brokers and insurance providers who can offer comparison quotes for solicitors looking for PI insurance. You can view and compare each quote and decide which one is the best for your company and your requirements.
Why do solicitors need Professional Indemnity insurance?
Any sole practicing solicitor or company is ultimately required to purchase PI insurance. PI insurance covers your solicitors practice against any loss or damage claims made against you by a third party or a client. It offers coverage against neglectful practice or mistakes made during the undertaking of a case and provides some costs toward court and legal fees. Solicitors are required to have professional indemnity insurance because of the nature of their business. If you offer professional advice, consultation or services you can be deemed liable in the event that you make a professional misjudgement or mistake. This, in turn can cost your client money, time or pain and they can view you as responsible and sue you. Your PI coverage will protect you from out of pocket loss.
Some common reasons for claims:
- Intellectual property: Unintentionally infringing on copyrights, trademarks, broadcasting rights, any act of passing off
- Negligence: or breach of duty of care
- Dishonesty: liability arising from the theft of your clients money
- Loss of data: damaged, stolen or lost data/documents belonging to your clients
Is Quotezone FCA regulated?
Quotezone is regulated under the Financial Conduct Authority and must comply with any rules and laws laid down for the protection of clients. Our panel members are also regulated.
Professional indemnity insurance comparison
With the blame and claim culture that we sometimes live in today, businesses are at risk of being sued for services that they are employed to do. If you are a business who gives advice to clients, it may be a good idea to have financial support and flexible policies which are tailor-made for your specific profession.
Quotezone could help you find professional indemnity insurance with less hassle by getting our panel of UK insurance providers to contact you to discuss their best available policies. Over 3 million users have used Quotezone to get insurance quotes, so join them and see if you could save on your Professional Indemnity Insurance.