What does solicitors’ professional indemnity insurance cover?
Nobody is perfect. No matter how careful you are, occasional mistakes are bound to happen. If you work as a solicitor, this can cause you a lot of trouble. In our increasingly litigious culture, clients are only too willing to punish you for mistakes, especially if those mistakes lead to a loss of income or cause the client undue stress. In order to protect yourself from ruinous legal costs, all UK solicitors are required by law to take out Professional Indemnity Insurance (PII). This covers the cost of any compensation you might have to pay out as a...Read More