Servca operate a dedicated facility for Solicitors Professional Indemnity insurance in the UK for existing and start up solicitors' practices.
Our highly experienced solicitors’ professional indemnity insurance team have over 15 years’ London market experience in the risk management and placing solicitors’ insurance requirements into the Lloyd's of London market into accredited and SRA approved participating insurers.
As an independent Broker at Lloyd’s – we specialist in focusing on sole practitioners and 1-4 partner firms as our niche within the legal sector and offering excess of loss programmes for our international clients outside of the United Kingdom. With the removal of the common renewal date from the SRA, we offer assistance all-year round to ensure we service our clients on a regularly basis, including full cycle claims management services along with flexible monthly payments and 12, 18, 24 and rolling monthly policies available. As client of Servca, we obtain full risk management and claim summaries each year to ensure we are able to negotiate the best terms and accurate reserves have been placed in areas where there have been claims.
Renewing with your current broker or insurer each year provides no incentive for parties to negotiate improved terms on your behalf.
Our specialist insurers are Approved Insurers on the SRA’s participating insurers list – offering stability and peace of mind to our valued clients.
One of the biggest risks now facing solicitors in the UK is cyber related risks and phishing emails to unsuspecting clients. As a specialty broker, we understand the requirements of our solicitor clients their responsibilities in keeping data safe with the recent GDPR data protection laws. In response, we have developed specialist coverage for solicitors seeking first and third party cover in the event of cyber related threats, loss of data, business interruption and reputational damage.
Whether you are a specialist legal practice, or seeking to explore new fields or even considering setting up your own practice, our specialist team are on hand to offer you the guidance and support to ensure you have all the regulatory requirements completed.