Succession Planning and PI Insurance

By Richard Gledhill
Succession Planning and PI insurance

Is succession planning proving a problem for your practice?

As difficult as the process might be in identifying and of course securing the mechanism by which the right people might step up or join you as partners look to retire, the problem may become even harder where such succession plans might involve another practice.

Have you considered fully the possibility you may be deemed to be ‘holding out’ ? Get this wrong and you could find yourselves inadvertently deemed a ‘successor’ practice with serious repercussions for the availability and cost of Professional Indemnity Insurance (PII).

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