Since January 1996, all solicitors in private practice applying for Practising Certificates must have confirmation of their having professional indemnity insurance cover in place from an insurer noted on the list set out below prior to their Practising Certificate being issued. Solicitors employed full-time within the State who provide legal services to and for their employers, who are not solicitors, are exempt from having to obtain professional indemnity insurance cover. Lists of the qualified insurers and the main brokers who provide professional indemnity insurance cover are set out below. Solicitors retiring from private practice are obliged to have run-off cover for a period of two years after retirement. The Society strongly urges solicitors to voluntarily maintain run-off cover for a period of at least six years.
All cover is on a claims made basis.
Accordingly, the policy in place at the time of notification or initial ascertainment of a claim is the one under which the insured is indemnified against that particular claim. Lloyds Syndicates are accessible only through a Lloyds broker. If a broker is a Lloyds broker he may be able to arrange professional indemnity insurance through a qualified Lloyds Syndicate. Some Lloyds Syndicates will accept business only as a participant in a scheme arrangement. As this listing may be updated at any time, please contact the Society if you have any query relating to any insurer not noted on the above listing.