Protecting solicitors’ from under £55* per year
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Running a law firm means managing countless risks every day. From missed deadlines to clerical errors, even the most diligent solicitor can face claims that threaten their practice. While the SRA requires all solicitors to maintain professional indemnity insurance, finding the right broker who understands the unique needs of your firm can be challenging.
Professional Saver specialises in insurance for law firms of all sizes, from sole practitioners to multi-partner practices. With over 35 years helping legal professionals protect their businesses, we understand the complexities of solicitors’ professional indemnity insurance and can guide you through the process. Our policies start from less than £55 per year, with comprehensive cover options tailored to the legal sector.
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Professional Indemnity*
* Due to the specialist nature of your profession, we’ll arrange a separate policy for your professional indemnity cover to complement your Professional Saver policy. Please get a quote online for the other covers you need and contact us to discuss your personalised professional indemnity quotation.
Professional indemnity insurance (PII) protects your law firm against claims arising from your professional services. Under the Solicitors Regulation Authority (SRA) rules, every practising solicitor in England and Wales must maintain adequate PI insurance that meets specific minimum terms and conditions.
This insurance covers claims made against you for:
The SRA indemnity insurance rules set out minimum requirements, but many firms choose higher limits of indemnity based on their fee income and risk factors.
Complete our simple quote form with basic details about your business.
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While professional indemnity insurance is mandatory for all solicitors, smart law firms recognise they need broader protection. Your practice faces risks beyond professional negligence claims. Consider what happens if:
Each scenario requires different insurance cover. That’s why we offer comprehensive packages that protect every aspect of your legal practice.
The SRA requires every law firm to maintain professional indemnity cover with minimum limits based on their structure:
However, these are just the minimum levels. Many firms opt for higher limits of indemnity, particularly those handling high-value transactions or complex litigation. Your limit of indemnity should reflect your fee income, the type of work you undertake, and your claims history.
The Solicitors Regulation Authority sets strict rules for professional indemnity insurance. Every law firm must:
Failure to comply can result in regulatory action, including closure of your practice. That’s why working with an experienced insurance broker who understands SRA requirements is essential.
Your professional indemnity insurance renewal is one of the most important dates in your calendar. The insurance market for solicitors can be challenging, with insurers carefully assessing risk factors including:
Starting your renewal process early gives you time to:
Effective risk management can reduce claims and lower your insurance premium. Key risk management processes include:
* Total number of live policies as of 31/10/2025
Beyond mandatory PII, Professional Saver can provider your legal business with these additional covers:
Protects against claims for injury or property damage to visitors at your premises. Essential if clients visit your offices.
Legal requirement if you employ staff, covering claims for work-related injury or illness.
Covers computers, furniture, and other business property against theft, damage, or loss.
Available as a separate policy, providing access to legal advice and covering costs of certain disputes.
Whether you’re a new law firm just starting out or an established practice, we provide cover that’s right for your needs. Factors affecting your premium include:
Our expert brokers work with leading insurers to secure competitive quotes while ensuring you meet all SRA requirements.
With over 35 years of experience and hundreds of businesses protected, you can trust Professional Saver to safeguard your practice. Our key benefits include:
Specialist Knowledge: We understand the legal profession and work with insurers who specialise in solicitors’ cover.
Direct Relationships: As brokers, not a comparison site, we negotiate directly with insurers on your behalf.
Comprehensive Service: Beyond PII, we provide a full range of business insurance tailored to law firms.
Competitive Pricing: Our established relationships help secure cost-effective cover without compromising protection.
Expert Guidance: Our team provides advice and guidance throughout the insurance process, from initial quote to claims support.
Don’t leave your law firm exposed to risks. While you focus on serving your legal clients, we’ll ensure you have the right insurance protection in place.
Our streamlined process makes it easy to obtain cover:
Remember, professional indemnity insurance isn’t just about meeting SRA requirements — it’s about protecting the practice you’ve worked hard to build.
While professional indemnity insurance offers broad protection, certain exclusions typically apply:
Understanding these exclusions helps you identify where additional insurance might be needed.
There’s no difference — PII (Professional Indemnity Insurance) and PI (Professional Insurance) are the same thing. Both terms refer to insurance that protects professionals against claims for negligence or mistakes in their work. The SRA uses both terms interchangeably in their rules and guidance.
Yes, new firms can obtain cover, though insurers will want details about the principals’ experience, previous claims history, and intended areas of practice. Start-up firms often face higher premiums initially, but these typically reduce as you build a claims-free track record. Having strong risk management processes from day one helps demonstrate your commitment to insurers.
If you’re unable to obtain cover through the standard market, you may need to approach the assigned risks pool or consider ceasing practice. The Law Society and SRA provide guidance for firms in difficulty. Starting your renewal process early — ideally 120 days before expiry — gives you maximum time to address any issues.
Claims history significantly impacts premiums. Insurers assess both paid claims and circumstances that might lead to claims. Even unsuccessful claims can affect your premium due to defence costs. However, isolated incidents needn’t be catastrophic — insurers consider the nature of claims, your response, and improvements to risk management processes.
No, the SRA closed the Solicitors Indemnity Fund to new claims in 2020. All solicitors must now obtain insurance through the open market. However, the fund still handles claims arising from work done before its closure, particularly for firms that have ceased without successor practices.
Under current SRA rules, the minimum level depends on your firm’s structure:
These are minimums — many firms choose higher limits based on their work type and risk profile.
Fee income is a key rating factor for PI insurers. Higher turnover typically means higher premiums, as it suggests greater exposure to claims. However, the relationship isn’t always linear — firms with substantial fee income might negotiate better rates due to economies of scale and typically stronger risk management.
Conveyancing faces particular challenges in the insurance market due to high claims frequency. Key risk factors include:
Firms can mitigate these through robust client verification, careful supervision, and appropriate risk management measures.
You should notify your insurer immediately when you become aware of any circumstance that might give rise to a claim. This includes client complaints, missed deadlines, or discovering errors in past work. Early notification ensures coverage under your current policy, even if the actual claim comes later.
Standard solicitors’ PII covers work under the law of England and Wales. If you advise on foreign law or work with international clients, you may need additional territorial coverage. Discuss your exact needs with your broker to ensure appropriate protection.
From only£55per year
From only£55per year
From only£55per year
From only£55per year
From only£55per year
From only£55per year
