Professional Indemnity Insurance for Solicitors

Arrange your solicitors professional indemnity (PI) insurance through Aon and gain access to our wealth of risk management experience

About Aon

Why Choose Aon for Solicitors PI?

  • We are one of the UK's leading insurance brokers1.
  • We are proud to be the most contacted insurance broker for solicitors for the sixth year running according to the 2016-17 annual Professional Indemnity (PI) insurance survey commissioned by The Law Society (based on 601 respondents).
  • Our team has over 35 years’ experience in arranging Solicitors PI insurance.
  • We have access to A rated insurers.
  • No solicitor of any size or undertaking any type of work is ‘closed’ to us2. No matter how big or small your firm is, we can arrange suitable cover.

Benefit from our Professional Indemnity Experience

As an Aon client, you would gain:

  • Dedicated client managers
  • Support in managing your firms risks and help make your solicitors PI renewal process as smooth as possible
  • Access to our Quality Assurance Risk Management Portal providing an extensive catalogue of resources
  • A quarterly risk management newsletter
  • Up to 7.5% discount on your solicitors PI insurance if you are an APIL member3

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.

Risk Management from Aon

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:

  • Precedent document templates ranging from Terms of Business to File Control forms
  • Self-assessment tools similar to Lexcel Gap analysis. A full report, including prioritised implementation recommendations, is produced for you as a result of completing the self-assessment questionnaire
  • Webinars on a variety of operational and risk management topics
  • Access to the latest Risk Matters newsletter and archive

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.

We have used comparable prices from established suppliers:
Webinars: Central Law Training CPD Packages
Precedent Documents: Simply-Docs Premium Plus Pack

Important

Solicitors Professional Indemnity Product cover

  • Limits available up to £10 million
  • Choice of excess including nil

Eligibility

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.

As well as arranging professional indemnity insurance for solicitors, we can also help arrange office, motor, crime, directors and officers and cyber risk insurance.

Contact us today to find out more information.

FAQs

Frequently asked questions about solicitors Professional Indemnity insurance

What is 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. 

What limit of indemnity do I need?

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.

Will my policy cover my past work?

The policies we arrange are fully retro-active providing cover retrospectively. 

Would my policy respond if I have a claim for work I undertook 3 years ago before I moved to Aon?

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


Don't just take our word for it

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


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