Your News: Leeds-based professional indemnity insurance brokers help law firms to navigate rising rates

Law firms across the UK are facing rising premiums on their Professional Indemnity (PI) insurance rates. The repercussions of Covid-19 have led to a decline in profitability across the sector and a consequent rise in insurance rates.

As a result, Leeds-based independent insurance brokers W Denis have seen a surge in queries from law firms looking for guidance to navigate the increase, which has seen rates double in many cases.

A spokesperson for W Denis said, “as Professional Indemnity insurance brokers, we are experts at placing conventional, technical and difficult risks for businesses worldwide. It’s vital we help firms ensure they have adequate insurance to cover all risks and complexities surrounding the profession and any allegations of professional negligence.”

“As a fully accredited broker at Lloyd’s of London we benefit from having direct access to the Lloyd’s market. This direct approach with Lloyd’s enables us to achieve truly innovative, intelligent and comprehensive insurance solutions.”

“We strive to exceed those minimum levels of cover where possible by negotiating bespoke enhancements with the underwriters.”

For companies seeking professional indemnity insurance, Richard Bowdidge, Director, Professional & Financial Risks is the W Denis Point of Contact on Direct Line: +44(0) 203 713 3976

Mobile: +44(0) 7503 630314 or richard.bowdidge@wdenis.co.uk

For more information, visit wdenis.co.uk.