Changes in the legal marketplace and a risky economic climate mean that many law firms are having to rethink their professional indemnity options. But is there really any viable alternative? David Turner reports
June 25, 2003 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
With the advent of more ‘professionals’, such as independent financial advisers, professional indemnity insurance has become widespread.
More and more professionals are regulated. A badge of any form of regulation is the obligation to take out professional indemnity insurance. The requirement for professional indemnity insurance is therefore expanding – and so are claims.
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