Vanessa Pawsey and Matheu Swallow report. But the biggest gripe is the lack of choice on offer. Basically, you are left with a choice of insurer and a choice of premium. Some offer the same quotes and others, if they want the market that much, may be prepared to beat it. But there is also a servicing issue.
Insurers are under resourced but are buying into the claims service to improve what they can offer.
With most of the top City firms already having safely secured cover, the insurers are battling it out for market share in the small to mid-size firms with between 10 and 25 partners. Firms with 10 to 25 partners and good claims records are the cream of the crop. It's too early to say who will get the market. The law firms themselves have hardly been helping matters by flooding the market with applications. The result is that insurers are receiving multiple submissions from firms which is causing further delay to an already deadlocked process.