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Lawyers may be unaware of the onerous personal duties and obligations in this area under the SRA’s Standards and Regulations (STaRs), introduced late 2019. In short, lawyers involved in litigation and dispute resolution have a duty to advise their clients about the availability, suitability and benefits of After the Event (ATE) insurance as well as litigation funding.

Insurers use your proposal form submission to determine if your law firm is a good risk. In the current hard market where capacity is reduced, it’s more important than ever to present your firm in the best possible light. As well as demonstrating that you’re a risk worth taking, a complete and well-presented submission helps the renewal process run smoothly and could even save on your premium.

Miller Insurance provides its latest analysis of the Solicitors’ Professional Indemnity Insurance market in this report on the April 2021 renewal season.

Miller has recently hired Professional Indemnity specialists Paddy Synnott and Joe Newbury as part of its continued expansion into the UK Professions market. Miller’s UK Professions team specialises in arranging a broad spectrum of cover to suit the specific requirements of insureds.

At Miller we believe that law firms of all sizes should consider mental health as part of their risk mitigation. Not only is it the right thing to do to support your employees, it also helps to reduce risk, errors and potential claims.