Post-pandemic recession could spell more trouble for solicitors’ professional indemnity insurance

recession ahead

With renewals earmarked for 1 October and a possible economic recession ahead, solicitors’ professional indemnity is back in sharp focus, Insurance Times finds out why

The chances of a Covid-19 induced economic recession are high and this has seen solicitors’ professional indemnity (PI) insurance called into question.

Therefore, as the renewal date approaches on 1 October, the payment of premium could therefore become even trickier for many solicitor firms.

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