Professional Indemnity Insurance for Solicitors
Arrange your solicitors professional indemnity (PI) insurance through Aon and gain access to our wealth of risk management experience
As an Aon client, you would gain:
1 Ranked 3rd by brokerage, Insurance Times, August 2016.
2 Subject to insurer terms and conditions.
3 Aon will offer a discount off the insurer’s premium in respect of Professional Indemnity insurance for firms with 1-10 partners (excluding Insurance Premium Tax and any other applicable taxes/administration fees), who identifies themselves as an Association of Personal Injury Lawyers member or accredited member at the time of quote. Standard APIL members receive a 5% discount and APIL accredited members receive a 7.5% discount.
As a client of Aon, you can take advantage of the Quality Assurance & Risk Management (QARM) resources that are available to you at no extra cost.
Through our QARM resource, Aon provides you with:
As an established broker, our QARM resources are available to our clients at no cost, potentially saving you consultancy and other supplier fees. For example, a sole practitioner could save up to £2,0004. For a three partner firm, the savings could add up to over £7,5005.
For information on what is available from our QARM service, or if you have any queries, please do not hesitate to contact us today.
4 Based on a sole practitioner with no other fee earners but two staff and a single location.
Lexcel GAP Analysis estimated time taken: 2 days @ £650 per day = £1,300.
Webinars (usually 30 minutes’ duration): 12 @ £17.50 x 3 staff = £630.
Precedent documents: £115.
5 Based on 3 partners, with 12 other fee earners, 12 other staff and a single location.
Lexcel GAP Analysis estimated completion time: 3 days @ £650 per day = £1,950.
Webinars (usually 30 minutes’ duration): 12 @ £17.50 x 27 staff = £5,670.
Precedent documents: £115 per annum.
All solicitors in England and Wales
Aon’s team of specialists personally guide and support you any time you need to report a circumstance or claims.
Contact us today to find out more information.
Frequently asked questions about solicitors Professional Indemnity insurance
Solicitors Professional Indemnity insurance provides cover should a third party suffer a financial loss as a result of your professional error, omission or negligence.
We recommend you check the Law Society guidelines. It is always good business practice to also review your contracts both pending and current to assess whether your limit of indemnity is sufficient also taking into account if a claim is made in a number of years.
The policies we arrange are fully retro-active providing cover retrospectively.
Professional Indemnity insurance is constructed on a claims made basis and therefore it is the policy in force when the claim is made, which would respond regardless of when the work was undertaken, subject to policy terms and conditions
In 2016, 88% of our clients rated they were satisfied with Aon6 and when you need us most, our claims service is here to support you.
100% of our clients who responded to our PI claims survey in 2016 stated they were satisfied with our claims service.7
“The team are very helpful and responsive. My compliance officer joined from another firm and can’t believe the service we get from Aon compared to his previous firm’s experience with a different broker.”
Solicitor client, September 20167
“The claims handling staff are always friendly, prompt, experienced and helpful.”
Solicitor client, April 20167
“I have always found the business relationship with Aon to be exactly what is required for a small business like mine. The staff are approachable and helpful.”
Solicitor client, January 20178
In response to the risk of cyber-enabled fraud, we have put together this webinarabout Webinar - Fraud Prevention
Cyber-crime poses one of the biggest threats to businesses in the UK. An essential way to protect your data is ensuring your passwords are secureabout Guide to creating a strong password
What business interruption is, why your business might need insuring against it and how to evaluate the risks involvedabout Business Interruption Insurance
6Solicitor Customer Satisfaction Survey Jan-Dec 2016, based on a sample of 40 respondents stating they were fairly or very satisfied.
7Solicitor Claims Customer Satisfaction Survey Jan-Dec 2016, based on a sample of 33 respondents stating they were fairly or very satisfied
8Solicitor Claims Customer Satisfaction Survey Jan 2017