Insurer to write cover for one to three partner firms
Axis Specialty has entered the solicitors’ professional indemnity (PI) insurance market in a tie-up with broker Prime Professions.
The insurer will write solicitors’ PI for law firms with one to three partners exclusively through Prime.
Prime director Richard Brown said: “Smaller firms, and in particular sole practitioners, have been faced with a tough market in recent years, with a limited choice of policies. The tie-up will focus on risk management, and if firms can demonstrate a good history of this along with Lexcel and CQS accreditation, or if they are working towards it, this could be an attractive option.”
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