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,...
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