Solicitors
2011/2012
Solicitors', its that time of year again and
specialist insurance brokers MFL Professional are ready.
Our hardworking, professioanal and customer-driven
team is on hand throughout the working week with essential advice you require
about PI insurance renewal 2011.
The Professional Indemnity Insurance market for
legal firms has become extremely tough in the past couple of years and 2011 will
be no exception. As a result the need for sound, specialist insurance advice has
never been greater.
MFL Professional provides bespoke advice to legal firms
around the arrangement of compliant Professional Indemnity Insurance. Our
services include:-
|
·
|
Direct access to many of the UK's leading
Solicitor's Professional Indemnity Insurers. Including the Ink Insurance
facility for 2011. |
| ·
|
Direct negotiation and placement of
cover. |
| ·
|
Advice around setting of appropriate Limits
of Indemnity. |
| ·
|
Risk management advice. |
| ·
|
Merger and acquisition advice. |
| ·
|
Successor
Practice advice. |
| ·
|
'Run Off' and retirement
advice. |
| ·
|
Access to premium instalments. |
| ·
|
Start-up practice advice |
Tips in advance of renewal
2011:
·
|
Start the renewal process early, no later than the end of
June. |
·
|
Be prepared to provide much more detailed information to
insurers, including financial information about your practice. |
| · |
There will be no advantageous late deals in 2011. |
·
|
Insurers will be realigning their books of business, those
practices most at risk are: |
|
|
| · |
It is vital that full disclosure is made, particularly
with regard to any ongoing SRA investigations.
|
·
|
It is vital that practices can evidence their "Operational
Compliance" procedures. |
|
|
WITHOUT A DOUBT SOME PRACTICES WILL NOT BE OFFERED RENEWAL TERMS.
THOSE PRACTICES HAVE TO INFORM THEIR ULTIMATE INSURER OF THE DECLINATURE
MFL CAN ADD VALAUE TO THE RENEWAL PROCESS WITH ONE-TO-ONE VISITS TO
PRACTICES, TO ADVISE AND ASSIST THEM THROUGH THE PROCESS
Click here to download the Solicitors PII Prop
2011
In addition, MFL operates a
competitive Office Insurance scheme specifically tailored to legal firms.
Specific benefits include:-
-
Full 'all risks' cover,
including accidental damage and subsidence.
-
Full theft cover ie. no
requirement to prove forcible entry or exit.
-
Computer
breakdown.
-
Reinstatement of
data.
-
Fidelity and
dishonesty.
-
Loss of
documents.
-
Commercial legal
expenses.
-
Cover for properties in the
course of conveyance available.
MFL would be delighted to conduct a no obligation review of your Professional
Indemnity requirements.
Simply use the contact link should you wish to
telephone or write to an MFL representative or alternatively we would be happy
to call you at a convenient time to suit you, simply use our call back
request form.
For MFL to provide a confirmed quotation we will require a completed proposal
form and relevant information.
You can download a proposal form in your preferred format
from the link below or alternatively provide us with a copy of your existing /
recently completed renewal proposal form along with a copy of your policy
schedule and current policy wording if available.
If any of your documents are available in electronic format they can be
easily uploaded via this site using the submission
upload feature.
| Proposal Form
Download |
|
Format: |
| Solicitors PII Proposal Form 2011/12 |
|
|
Solicitors PII New Start-Up Proposal Form |
 |
To Top 
Go to printable version
