Analysis

Conveyancing firm’s demise highlights solicitors’ PI cover crisis

By 2020-12-24T11:33:00

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The 24 staff of conveyancing firm Notary Express should have been enjoying a well-earned Christmas break after a successful year. Instead they are having to find another job because no insurer will cover the professional indemnity risk

Merlin Batchelor set up his Norwich solicitor’s firm Notary Express in 2013.

The firm specialised in property conveyancing, and over the years grew steadily, eventually employing 24 people with a projected turnover of £1m this year.

The business was thriving and profitable. The firm had even raised over £500,000 for charity.  He was expecting the firm to do well next year and into the future.

But when it came to renewing this year’s professional indemnity insurance, Batchelor received a shock.

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