The total amount of compulsory professional indemnity insurance (PII) payments by solicitors has risen by 20% this year, according to new figures from the Solicitors Regulation Authority (SRA) The cost of the compulsory layer of PII for the 10,917 practices in England and Wales is up to £256m for 2011-12, 20% higher than last year's figure of £214m.
November 11, 2011 at 07:45 AM
1 minute read
The original version of this story was published on Legalweek
The total amount of compulsory professional indemnity insurance (PII) payments by solicitors has risen by 20% this year, according to new figures from the Solicitors Regulation Authority (SRA)
The cost of the compulsory layer of PII for the 10,917 practices in England and Wales is up to £256m for 2011-12, one fifth higher than last year’s figure of £214m.
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