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!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team