Insurers will be unable to void a solicitor's professional indemnity (PI) policy on the grounds that the firm did not disclose relevant information because of the Law Society's rules, says a leading broker.
Item 4.1 states for the minimum terms and conditions: “The insurance must provide that the insurer is not entitled to avoid or repudiate the insurance on any grounds whatsoever, including without limitation, non-disclosure or misrepresentation, whether fraudulent or not.”
The Law Society said the clause was a necessary part of PI insurance as it was designed to protect the public.
The public would not be protected if insurers were able to void insurance for non-disclosure, it said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
