Saturday August 15, 2020

Survey shows solicitors’ indemnity insurance up by 56 per cent in one year

The average premium for professional indemnity insurance (PII) has risen by 56 per cent in the last 12 months, a survey of solicitors’ firms has found.

14th May, 2011

The average premium for professional indemnity insurance (PII) has risen by 56 per cent in the last 12 months, a survey of solicitors’ firms has found.

The survey, carried out on behalf of the Law Society by market research firm Behaviour and Attitudes, showed average total premiums for firms rising from €24,695 in 2009 to €38,416 last year.

Firms with a poor claims history were paying three times as much as those with fewer claims, with increases...

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