Taking cover
Language: English Series: Law Society's Gazette ; 103(30) 27 July 2006, 18-21(3)Publication details: 2006Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L134427 (Browse shelf(Opens below)) | 1 | Available | 134427-1001 |
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.