Risk Management and Professional Indemnity Insurance for Law Firms

 

Following the impact of the pandemic and lockdown, all businesses,
particularly law firms, have undoubtedly had to re-evaluate how they can

operate effectively, profitably and safely in the future. As your trusted business advisory partner we have gone through the same process and looked at ways

of how we can help law firms do this.

Law Firms – Exposure To Risk, Cost And Time Issues 

We work in partnership with a specialist consultancy who compliment the services that we provide to our clients, enhancing our objectives of helping improve the efficiency, compliance standards and profitability of the firms that we look after.

We are work alongside this specialist unit that is focussed on providing Risk Management services to Law Firms in England and Wales, with consultants who have many years experience of dealing with the Profession and we are able to offer assistance in the following types of scenarios;

 

  • Assistance with mergers, acquisitions, sale or disposals, and structural changes to the firm.

  • Covid 19 safety measures.

  • Business continuity and managing risks to the business.

  • Managing claims for Coronavirus losses with their Insurer.

  • Client and office money security including virus or hacking problems.

  • Assistance in completing increasingly onerous and searching PII proposal form questions safely, in a difficult Insurance market for law firms.

  • Risk audit of the firm – assisting with Lexcel and CQS processes and standards.

  • Protection of partners and Directors in the firm from a range of exposures including those relating to Covid 19.

 

 

Undoubtedly the impact of what has happened over the last six months has brought the management of risk for businesses firmly into focus which is why we feel that this is the ideal time for us to expand the offering that we provide for your firm.

Utilising analytics and statistical data, Advantage365's new PII solution enables insurers to offer our clients equitable cover based on their long-term performance. This cover, together with our risk management and compliance expertise, means that our clients can be confident that they are protecting their futures from unforeseen events with high quality insurers who view this as a long-term sustainable proposition.

Professional indemnity solutions and services are not included with Advantage365 Subscriptions. Please fill in your details below and we will email you a competitive and bespoke PII quote. 

Advantage365 Online Benchmarking and Quoting Tool

 

We have developed an online benchmarking and quoting tool which allows us to indicate the likely cost of a policy from our panel of select insurers without the need to complete a full proposal form.

 

If you are an existing firm you can also use this to compare an 'early renewal offer' or to benchmark renewal terms.

 

Alternatively, you can send us a copy of your existing proposal form to info@advantage365.co.uk.

 

It’s free, takes just a few minutes and will give you the reassurance that you aren’t paying more than you should.

Indicative Professional Indemnity Insurance Quote from Advantage365:
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Processing of personal data

If you provide us with any information which constitutes “personal data” (including any “sensitive personal data”), both you and we will treat such information at all times in accordance with “Data Privacy Laws” (including the General Data Protection Regulation 2016/679). Advantage Business & Legal Services Limited and associated companies may hold and process such information: (i) in order to provide our services to you; (ii) to facilitate the effective management, development or operation of the group companies; and (iii) in any country – including countries outside the European Economic Area, which may not have comparable data protection laws.

Still unsure what you need?

For more information on how we can help your law firm, please call us on 0121 212 6580 or request a free call-back using our contact form to get free initial advice. You can also access a wealth of free business information for lawyers by visiting our digital Resource Centre and view our free Business FactsheetsAlternatively, please email us on info@advantage365.co.uk.

 
 

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