With the cost of professional indemnity insurance rocketing, firms are having to consider cutting their level of cover. Is limited liability partnership status the answer? asks Richard Heighton
August 07, 2002 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Until recently, the commercial insurance market has provided excellent value-for-money protection for law firms, particularly at higher indemnity levels where claims are rare.
Unfortunately, this year firms must consider buying lower limits because the cost of cover has soared. So how should firms choose their indemnity limit and decide whether limited liability status is beneficial?
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