Risk Avoidance Culture Is a Key Requirement for All Firms ; Legal & Finance

Birmingham Post › September 08, 2006

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Summary

Professional indemnity cover is a major overhead for law firms.

Until six years ago solicitors' firms were obliged to purchase pounds 1 million of cover from the Solicitors Indemnity Fund. This was a mutual set up by and for the profession. With that came benefits and problems.

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Extract

Risk Avoidance Culture Is a Key Requirement for All Firms ; Legal & Finance

Some argue the demise of SIF, and solicitors' ability to buy all cover - rather than top up cover over pounds 1 million - on the open...

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