INSURANCE DESIGNED FOR SOLICITORS
With strict requirements from the Solicitors Regulation Authority (SRA), the right insurance for solicitors is not just important — it’s mandatory.
With all that in mind, our insurance specialists will search the market and speak with insurers on your behalf, to provide a solution that best fits your needs.
WHY DO SOLICITORS NEED INSURANCE?
Solicitors operate in a high-risk profession where mistakes, disputes, and client dissatisfaction can quickly escalate. Some risks they may be faced with:
- Professional negligence claims for incorrect legal advice or missed deadlines.
- Breach of confidentiality or loss of sensitive client data.
- Disputes over costs or outcomes of legal matters.
- Claims made by employees or members of the public.
- Cybercrime targeting sensitive client records.
A solicitor insurance policy safeguards a company financially and helps towards meeting any regulatory obligations.
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REQUEST A QUOTE
OUR ADDRESS
PHONE NUMBERS
EMAIL MARK RICHARD
What Type of Insurance May Solicitors Need?
We can arrange a wide range of insurance solutions for legal professionals and law companies:
Professional Indemnity Insurance (PII)- Cover towards claims of negligence, errors, omissions, or breach of duty.
Public Liability Insurance – Protection towards any claims from members of the public who are injured or damage to their property.
Employers’ Liability Insurance – Cover towards any claims from your employees, volunteers or work experience individuals who have suffered an illness or injury at work. This type of insurance is a legal requirement if you have any staff.
Cyber Liability Insurance – Cover to support the financial losses and legal costs in the event of a cyber attack, hacking or phishing.
Office & Contents Insurance – Protection towards your legal library, IT systems, and office equipment.
Business Interruption – In the event that your business was unable to operate due to an insured event, a pay out can support your business financially over the days you weren’t operating.
Optional business interruption cover helps maintain income if your office cannot be used.
The cost of solicitor insurance depends on your firm’s size, turnover, areas of practice, claims history, and risk exposure. This is where an insurance broker like ourselves can help, we will take the time to learn about your business and find a tailored solution to meet your needs
Mark Richard Brokers offers insurance for motor trades, property owners, shopkeepers and home owners.
Our team of experts will be glad to help you with all your insurance needs.
