The Need For "PI Manager"

The cost to a practice of Professional Liability Risk is now very significant.

The Professional Indemnity Insurance Market is at its most volatile for many years, with fluctuating premiums and self-insured excess levels contributed to by inconsistent underwriting across the professions. For many practices, PII is now consequently their biggest overhead.

Court decisions, contract terms, legislation, and regulatory changes have all contributed to an increasingly complex web of potential professional liabilities, which can also have serious consequences for the PII premiums and self-insured costs of a practice.

Added to this are the indirect costs of dealing with the administration and handling of claims, the potential loss of client business and reputation, and the time and expense involved in maintaining compliance with professional regulations, quality control systems and procedures.

Effective management of Professional Liability Risk is therefore essential. However, this process takes both time and expertise.

MFL Professional, in association with specialist firms of solicitors, have developed a comprehensive range of integrated advisory and support services focused on minimising, controlling and managing the cost of Professional Liability Risk.

Go to - "PI Manager" Services

To Top

Go to printable version