Professional Indemnity Insurance (PII) is crucial for solicitors in the UK, safeguarding them against claims of negligence, loss, or damage made by a client related to legal services provided. It is also a market that virtually controls the legal profession, dictating to solicitors what they can and cannot do, and applying punitive sanctions if a solicitors firm does not perform. In most cases, solicitors probably deeply regret opening the market up many years ago, as for a lot of firms it is the primary overhead and a neverending source of great worry for law firm business owners. Run off cover when law firms close down can cause a lot of sleepless nights for sellers! To discuss your law firm sales please visit Jonathan Fagan Business Brokers. Below, we explore the top 10 Professional Indemnity Insurance brokers that specialise in offering comprehensive coverage tailored to the unique needs of solicitors in the UK.

1. Lockton Solicitors

• Website: locktonsolicitors.co.uk
• Overview: Lockton stands out for its personalized service and deep understanding of the legal sector’s risks. They provide bespoke policies that cater specifically to the scale and specialty of each law practice.

2. Howden Insurance Brokers

• Website: howdengroup.co.uk
• Overview: Known for their robust client advocacy, Howden offers a range of professional indemnity solutions that ensure solicitors are protected against all forms of professional risks. Their market insight and ability to secure competitive terms make them a top choice.

3. Marsh

• Website: marshcommercial.co.uk
• Overview: Global leader in insurance broking and risk management – Marsh delivers coverage with an emphasis on risk prevention. Their comprehensive PII policies are designed to meet the regulatory demands faced by solicitors.

4. Aon

• Website: aon.com
• Overview: Aon is well-regarded for its tailored insurance solutions and preventive strategies. Their deep industry knowledge allows them to offer PII that is both comprehensive and compliant with the Solicitors Regulation Authority (SRA) requirements.

5. Willis Towers Watson

• Website: willistowerswatson.com
• Overview: They provide specialized PII solutions for legal professionals, focusing on coverage that addresses both current and emerging risks. Their global reach and local expertise are particularly valuable for firms with international exposures.

6. Henderson Insurance Brokers

• Website: hendersoninsurancebrokers.co.uk
• Overview: They offer a personalised approach to insurance, with a focus on securing policies that provide solid protection and peace of mind for solicitors across the UK. Their expertise in the legal field ensures relevant and effective coverage.

7. PIB Insurance Brokers

• Website: pib-insurance.com
• Overview: PIB stands out for their client-focused approach and extensive experience in professional indemnity insurance. They work closely with legal professionals to ensure that their coverage meets all specific professional liabilities.

8. Brunel Professions

• Website: brunelpi.co.uk
• Overview: Brunel Professions is dedicated to providing insurance for professional service firms and offers some of the most comprehensive limits in the market. They are known for their robust claims support and risk management services.

9. Griffiths & Armour

• Website: griffithsandarmour.com
• Overview: With a focus on providing sector-specific insurance solutions, Griffiths & Armour specialize in offering tailored PII policies that address the specific needs and challenges faced by solicitors.

10. Wesleyan

• Website: wesleyan.co.uk
• Overview: Wesleyan provides a range of financial services and insurance products, with a particular focus on the needs of professionals in the legal sector. Their PII solutions are backed by a deep understanding of the legal profession.

These brokers offer policies that not only comply with SRA regulations but also provide added value through risk management advice, ensuring that solicitors can practice with confidence, knowing they are well protected. Choosing the right broker involves considering not just the cost of the insurance, but also the quality of coverage, the broker’s understanding of the legal industry, and their ability to support claims efficiently.