Taking cover
Robins, Jon
Taking cover - 2006 - Law Society's Gazette 103(30) 27 July 2006, 18-21(3) .
Looks at the market for solicitors' professional indemnity insurance. Argues that the number of insurers in the market is probably sufficient to ensure that fears of a rise in rates for compulsory minimum insurance are probably unfounded, although the excess-layer market, where firms buy extra coverage above the minimum set by the Law Society, may see a rise in rates. Also discusses the pros and cons of aggregation clauses, and the assigned risks pool, which is formed by those firms that are unable to obtain insurance from the market, and which is underwritten by all insurers according to market share.
England and Wales--1543-
Taking cover - 2006 - Law Society's Gazette 103(30) 27 July 2006, 18-21(3) .
Looks at the market for solicitors' professional indemnity insurance. Argues that the number of insurers in the market is probably sufficient to ensure that fears of a rise in rates for compulsory minimum insurance are probably unfounded, although the excess-layer market, where firms buy extra coverage above the minimum set by the Law Society, may see a rise in rates. Also discusses the pros and cons of aggregation clauses, and the assigned risks pool, which is formed by those firms that are unable to obtain insurance from the market, and which is underwritten by all insurers according to market share.
England and Wales--1543-