Why Choose Aon for solicitors PI?
Aon is one of the UK’s leading insurance brokers1 with over 26 years’ insurance knowledge and experience within the team. Not only do we arrange solicitors PI and manage risks, we also provide support throughout the year to give you real peace of mind.
We’re proud to be the most contacted insurance broker for solicitors for the sixth year running, according to the 2016-2017 annual Professional Indemnity insurance survey commissioned by The Law Society (based on 601 respondents).
No solicitor of any size or undertaking any type of work is ‘closed’ to us2. So no matter how big or small your firm, we can arrange suitable cover.
Benefit from our Professional Indemnity experience
Whether you’re a sole practitioner or a large firm you can enjoy:
- Dedicated client managers who are Lexcel Trained Consultants and legal sector experts, to help make the PI renewal process as smooth as possible
- Cover provided through “A rated” insurers
- Access to an extensive catalogue of resources through our solicitors specific Quality Assurance Risk Management Portal to help you manage your risk and mitigate claims or circumstances
- Free compliance helpline services providing direct access to specialist advisers on any aspect of compliance, client care or disciplinary issues3
- Access to qualified lawyers through Aon Claims Solutions, who can help nip any claims in the bud
- A quarterly risk management newsletter to keep you up to date with the latest developments
Don’t just take our word for it.
“….we have found Aon to be proactive, informative and willing to answer and assist with any queries which arise during the process…..they care about their customers’ requirements and have always had a professional approach with us.”
Solicitor client, October 2017
As one of our clients, you can take advantage of our Quality Assurance & Risk Management (QARM) resources just for solicitors at no extra cost.
Through our QARM resource, we can provide your firm with:
Our library of precedent documents
Get access to over 50 precedent documents and templates ranging from Terms of Business to File Control forms
Self-assessment tools similar to Lexcel Gap analysis.
We’ll produce a full report for you, including prioritised implementation recommendations, once you’ve completed the self-assessment questionnaire
New webinars & articles every month
We publish new articles and webinars every month on a variety of operational and risk management topics
Access to our Risk Matters digital publication
Where we share our latest thinking on risk management and operational issues impacting the legal services profession today and you’ll also get access to our full archive
Access to our QARM resources for solicitors could save you a sizeable amount in consultancy and other supplier fees. For example, as a sole practitioner you could save up to £2,0004. For a three partner firm, the savings could add up to over £7,5005.
For information on what’s available from our QARM service, or if you have any queries, please do not hesitate to contact us today.
Solicitors Professional Indemnity Product Cover
- Limits available up to £10 million
- Choice of excess including nil
- Exclusive wording with A rated insurers
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 insurance
- fleet or business car insurance
- directors & officers liability insurance
- cyber risk insurance
Frequently asked questions about solicitors Professional Indemnity insurance:
- What is Professional Indemnity insurance (PI)?
Solicitors PI 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’s always good business practice to also review your contracts, both pending and current, to assess whether your limit is sufficient taking into account if a claim is made in a number of years.
- Will my policy cover my past work?
Yes. The PI policies we arrange provide cover retrospectively.
- Would my policy respond if I have a claim for work I undertook three years ago before I moved to Aon?
PI is constructed on a ‘claims made’ basis. Therefore, the policy in force when the claim is made would respond, regardless of when the work was undertaken (subject to policy terms and conditions).
1 Ranked 5th by brokerage, Insurance Times, August 2017.
2 Subject to insurer terms and conditions.
3 Contact can be either by telephone or email and is limited to a maximum of 20 minutes per query. If any additional work is required, Weightmans LLP (“Weightmans”) will discuss its charges with you at discounted hourly rates and/or an agreed fixed fee. The sole role of Aon UK Limited or its affiliates (“Aon”) in connection with the service is to introduce the service to you. Aon does not provide any remuneration to, or receive any remuneration from, Weightmans in respect of the service. Your use of the service shall be at your sole discretion and own risk and will give rise to a direct client relationship between you and Weightmans as client and solicitor, respectively. You acknowledge and agree that such use shall not under any circumstances be construed as giving rise to any form of relationship between you and Aon. Aon does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of the legal advice provided by Weightmans as part of the service or any other aspect of the service and accepts no liability for any loss incurred in any way whatsoever by any person who may rely on the service. The service is provided as a value added service, and may be withdrawn at any time. Your use of the service shall be deemed to constitute your consent to these terms.
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’ve used comparable prices from established suppliers:
Webinars - Central Law Training CPD Packages>
Precedent Documents - Simply-Docs Premium Plus Pack
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