Managing Partner magazine
Peter Bennett reveals how he is evolving the risk management system which saved his firm £3m in PII premiums
The high cost of professional indemnity insurance (PII) has always been a bone of contention in the UK legal sector and, once again, it is in the news due to the changes recently introduced by the Solicitors Regulation Authority (SRA). While many firms are keen to reduce their premiums, the ability to do so depends on the risk exposure of organisations and their insurers.
The article originally appeared in Managing Partner magazine.