Solicitors facing five-fold rise in insurance costs

Professional indemnity insurance (PII) premiums for solicitors could rise fivefold this year, according to one Dublin insurance broker.

27th November, 2010

Professional indemnity insurance (PII) premiums for solicitors could rise fivefold this year, according to one Dublin insurance broker.

‘‘We have heard reports of premiums being increased from €15,000 to €75,000 for single practitioners, an area where only two insurers are currently offering new business terms,” said Eimear Lane of McGivern Flynn.

All solicitors must have a PII insurance policy in order to stay in practice. Policies are due for renewal on Wednesday,...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago