L&E launches new PI proposition for solicitors

Sarah Davidson

August 12, 2010

Group Sales Manager, Parveen Kumari, said: “L&E understands how law firms tick.

“We’ve been providing solicitors with a variety of insurance solutions for over 20 years now as well as working with them to solve title insurance claims and disputes.

“How you present your firm to insurers is going to be essential this year if you are going to get the cover you need at a price you can afford.

“We know how to help firms demonstrate the risk management tools they have in place such as legal indemnities and title insurance for example. I would argue that most other commercial brokers don’t.

“That’s why L&E is best placed to represent law firms to secure the right PI cover at the most competitive rate.”

The demise of Quinn has led to much speculation as to the difficulty some firms may face when it comes to renewing their PI cover this year.

The subsequent withdrawal of Hiscox amongst others has added to the growing concern that many firms will simply not be able to find cover at all and be forced to enter the Assigned Risk Pool, which doubled in size last year.

Kumari added: “Some solicitors may be forced to take PI insurance from wherever they can get it, irrespective of the security and quality of the insurer.

“We’ve got access to a strong panel of quality insurers who have an appetite for this type of business. The combination of our knowledge of how law firms operate and their risk environment with the panel we have access to, creates a compelling proposition for any firm to consider.”

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