New policy aimed at firms with 10 to 40 partners.
RSA has launched a new 'Solicitors' package, offering tailor-made Professional Indemnity (PI) insurance to medium sized solicitor firms. Aimed at firms with a practice of 10 to 40 partners, 'Solicitors' has been designed to address the risks faced by those in the professional services industry requiring more than a standard PI product.
Under RSA 'Solicitors', the following features are available:
•? ? ? ? Simplification of the application and claims processes
•? ? ? ? A strong partnership with both the broker and end customer to get the right cover and price options
•? ? ? ? Support when seeking new business
•? ? ? ? A commitment on how RSA will manage claims for its customers
•? ? ? ? Risk assessment and management advice
•? ? ? ? Transparent pricing
'Solicitors' will increase the access brokers have to RSA underwriters, each of whom will have their own dedicated contact.
Additionally, the application process has been simplified. There is no longer a need for existing customers to fill in new forms with every renewal. RSA will instead use a renewal declaration form which has been pre-populated with last year's information and check for any changes, saving valuable time. Customers will also be able to manage their premiums and are provided with a range of price options and policy limits so they and their broker can select the one best suited to their needs.
Extra services will also be offered such as: access to the business continuity planning tool, Foresight to help plan for disasters such as major fires or floods and risk assessment and management advice.
Aaron Devitt, director of Professions and Financial Risks at RSA, said: "Solicitors spend a significant amount of their budget on professional indemnity insurance, clearly demonstrating how crucial it is for protecting their business and peace of mind.
"We designed a service specifically for the medium sized solicitors because we appreciate their need for the right cover, a tailored and more personal approach and added benefits of support with risk assessment and management consultancy, enabling them to get on with doing their jobs and helping their customers."