Are you getting a good deal on PI insurance?

Resource - 15/08/2018 : Insurance for lawyers, Professional insurance for solicitors, Solicitors insurance, Solicitors PI Insurance, Solicitors PII, Risk & Compliance, Practice Management

There’s a myth that it’s hard to find insurers willing to cover small law firms. I recently asked a group of sole practitioners in Birmingham how many insurers or managed general agents they thought there were in this part of the...

What are the risks and benefits of accepting early renewal offers on professional indemnity insurance?

Resource - 09/07/2018 : Insurance for lawyers, Professional insurance for solicitors, Solicitors insurance, Solicitors PI Insurance, Solicitors PII, Risk & Compliance, Practice Management

Most solicitors will accept an early renewal offer for professional indemnity (PI) insurance if given the opportunity, rather than go to the open market to find a new policy, according to a survey conducted by Miller of law firms. An...

Travelers – use of email

Resource - 25/06/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Email is now the principal method of communication for most businesses including lawyers and their clients and contacts. The risks are similar to those that lawyers have always faced with written communication but for email they are increased by...

Travelers – fraud and dishonesty

Resource - 18/06/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Dishonesty in law firms

Theft, fraud and dishonesty are a risk for all businesses, but law firms are doubly vulnerable. Not only do they often have significant amounts of money in their accounts, they are also at risk of...

Travelers – drafting errors

Resource - 11/06/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Drafting is a skill that lawyers have to learn and it’s required in all fields of law, whether you are producing a lease, a commercial contract, a will or an agreement for division of the financial assets of a divorcing couple. Insurers...

Travelers – communication with professionals

Resource - 05/06/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

This includes communication with experts such as barristers, clinical consultants, accountants, insolvency specialists and surveyors, and also lawyers acting for other parties. Poor communication can cause delay, increased costs and even...

What are the emerging risks for law firms?

Resource - 01/06/2018 : Insurance for lawyers, Professional insurance for solicitors, Solicitors insurance, Solicitors PI Insurance, Solicitors PII, Risk & Compliance, Technology

“The legal market is in a remarkable state of flux. In less than two decades, the way in which lawyers work will change radically,” writes Richard Susskind in Tomorrow’s Lawyers. These changes will pose new risks for law...

Back to the future: Do the SRA's proposals achieve its objectives?

Resource - 01/06/2018 : Insurance for lawyers, Professional insurance for solicitors, Solicitors insurance, Solicitors PI Insurance, Solicitors PII, Finance, Risk & Compliance

The SRA is once again looking to reduce the minimum level of PI cover to £500,000. But do its proposals achieve their objectives? 

In March 2018, the SRA published a consultation, “Protecting the users of legal...

Travelers – communication within your practice

Resource - 31/05/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Communication should be a two-way process. When it isn’t, there is considerable scope for confusion and misunderstanding. Standard procedures will help to ensure that internal communication is effective.

Where problems may arise...

Travelers case study: Pension trustees liability

Case Study - 31/05/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Human Resources

Pension Scheme Trustees have numerous statutory duties and are entrusted with the responsibility for making decisions which affect the members of such schemes. These obligations placed on Trustees continue to increase as new legislation is...

Time is precious...according to Travelers

Case Study - 21/05/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Human Resources

Senior managers, officers and directors are well rewarded for their professional abilities. However, these positions come with a great deal of risk. After all, mistakes happen to the best of us, and these are roles which, by their very nature,...

Travelers – legal knowledge

Resource - 08/05/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Most negligence claims arise from administrative errors, not from lack of legal knowledge. But there are still a number of claims every year which are caused by practitioners getting the law wrong. 

This is usually where lawyers are...

Miller Insurance Services: How legal technology can help your law firm

Case Study - 01/05/2018 : Insurance for lawyers, Professional insurance for solicitors, Solicitors insurance, Solicitors PI Insurance, Solicitors PII, Risk & Compliance

What prompted you to set up your own practice?

I’d spent over 25 years working for large law firms and I felt I needed a new challenge. I wanted to break free, try something new and to indulge my interest in legal...

Travelers case study – time is precious

Case Study - 01/05/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Practice Management

Here at Travelers, we recognise it’s our responsibility to support you by providing leading coverages that give your customers real peace of mind. We also understand the important role we can play by supplying you, our brokers, with the...

Travelers – client relations

Resource - 30/04/2018 : Law firm insurance, Lawyers insurance, Solicitors insurance, Solicitors PI, solicitors professional indemnity, Risk & Compliance

Guidance notes for legal practices

In these guidance notes Travelers look at why identifying your client, their objectives and their authority is essential if you are to give a good service.

...