Solicitor Insurance - 4 Secrets to a Happier October 1st - Part 4

As a solicitor, lawyer or someone responsible to sorting out Solicitor Insurance you’ll know the importance of October 1st in the calendar as it’s the date in which you need Solicitors Professional Indemnity Insurance in force to continue practicing.

With this date firmly in mind you’ll therefore appreciate the importance of getting your solicitor insurance sorted well in advance so you can relax in the knowledge that it’s sorted and out of the way (for another year at least).

This fourth and final secret to getting the best deal on your solicitors insurance is another that at first glance may not seem right but in order to get the best value for money it is one you may want to consider.

Secret number 4 is therefore don’t assume the cheapest premium is the best. Don’t get me wrong getting a good premium (and saving money on your solicitor insurance) is what we’re all looking for but a really cheap premium without a number of other factors is probably cheap for a reason.

Some things you may want to look for in addition to a competitive premium include:

- Have you heard of the insurance broker and/or insurance company?

- Are they local?

- Are they friendly and approachable (remember we all like doing business with people we like and feel we can trust)?

- What is the excess? Make sure the excess is one you agree on and one you can afford and not one just given to you to reduce the premium

- Do they have a good reputation?

- Do they offer you advice or seem to have some understanding of your business and solicitor insurance?

- Do they listen to you and explain things in a way you can understand? The insurance industry is filled with jargon so make sure the company you choose explains things clearly so you know what cover you’ve got, what you have to do in the event of a claim and how they will work for you.


The run up to October 1st can be a stressful time for solicitors as many play the waiting game in the hope that insurance premiums will fall and they can benefit from premium savings.

And whether you and your firm falls into this camp or the other type of firm who prefers to get their solicitor professional indemnity insurance sorted in good time you have nothing to fear.

If you follow any of these secrets to getting the best deal on your solicitor insurance then the chances are your insurance dealings will be easier, the time you save can be put to better use elsewhere and the premiums you pay will be less than ever before.

For further information on Solicitor Insurance visit www.solicitorpi.com or www.northerncounties.com/solicitors-insurance.php

Solicitor Insurance - 4 Secrets to a Happier October 1st - Part 3

Pinch punch first day of the month, no returns. Well for solicitors and lawyers looking for Solicitor Insurance on October 1st each year (the date when most policies are due for renewal) the Solicitors Insurance season often brings with it a fight between various insurance brokers and insurance companies fighting for a slice of the Solicitor Insurance PI (well the Professional Indemnity Insurance PI anyway).

One of the UK’s Leading Solicitor Insurance Brokers has however produced 4 Secrets that if followed could mean solicitors and legal firms can benefit from saving time, saving money and not having to deal with any pinches or punches – and no returns!

This article looks at the third secret in a series of 4 which solicitors looking for the best deal on their Solicitor Insurance should read. Here goes:

Secrets 1 and 2 focused on being honest regarding price and making sure you use experts to provide your Solicitor Professional Indemnity Insurance. Secret number 3 though actually looks at something you can do to make sure you find the right insurance provider and ultimately the right policy for the right price.

The third secret is to making sure you get the best deal and service is to ask questions. So many solicitors, lawyers and people in the legal profession ring around looking for solicitor insurance and spend the entire conversation answering questions. Secret 3 is therefore to ask questions to find out if the insurance provider you are speaking to not only offers you the right cover and premiums but also the right level of customer service.

Types of question you might want to ask are:

- In the event of a claim what will they do to help you and to ensure your claim is settled as quickly and as favourably as possible?

- Do they just give you a telephone number and leave you to it or do they offer help when you most need it?

- Are they experienced?

- How long have they been trading?

- If it’s a Broker, which Insurance companies do they use?

- Again, if they are Insurance Brokers are they independent? That is, do they have access to numerous policies and insurance companies or are they tied into just one?

By getting answers to these questions you can then a make a decision on whether you would like to deal with them (and whether you trust them to act on your behalf). We all prefer to do business with people and firms we trust and like so ask question and make sure you and your firm gets the best deal and service possible when buying your Solicitor Insurance.

Solicitor Insurance - 4 Secrets to a Happier October 1st - Part 2

For lawyers, solicitors and legal professionals the date of October 1st is perhaps more memorable than for most as it’s the date in which their Solicitors Insurance and Professional Indemnity Insurance is due for renewal.

And as people in the legal trade are extremely busy people one of the UK’s Leading Solicitor Insurance Brokers have produced 4 Secrets for firms looking for Solicitor Insurance. Secrets that when used can save solicitors and lawyers time and money on their Solicitor Professional Indemnity Insurance.

This article looks at Secret number 2 which is based around making sure you use a specialist or expert to sort out your firms insurance. Here goes:

Secret number 2 to getting the best deal on your Solicitor Insurance really is common sense but you’d be amazed how many law firms and solicitors fail to make sure it happens as they are just focusing on the price.

The second secret for a happier October 1st is therefore make sure you use an insurance broker or insurance company who understands the Solicitor Insurance market and who understands your needs.

You can establish this in a number of different ways including:

- What type of questions do they ask?

- How do they ask them?

- How do they react to what you’re saying?

- Do they enter into a conversion about your business? (it’s good if they do because the more they understand you and your needs the better cover, premium and service they might provide)

- Is the conversation very scripted?

- Do they have a website? And if so does even mentioned how you can benefit by using them for your Solicitors Insurance?

Find the answer to these types of question and the chances are the insurance provider you choose for this years Solicitor Insurance may well be able to save you time, save you money and make sure you and your firm gets the Solicitor Professional Indemnity Insurance protection you need.

For further information on Solicitors Insurance visit www.solicitorpi.com or www.lawyerspi.co.uk

Solicitor Insurance - 4 Secrets to a Happier October 1st - Part 1

For most Solicitors and legal firms October 1st each is synonymous with the date in which their Solicitors Insurance and Professional Indemnity Insurance is due for renewal.

And in the days, weeks and months leading up to October 1st they could well be contacted by numerous insurance providers all wanting a slice of the Solicitors Insurance PI.

These 4 secrets have been produced by one of the UK’s Leading Solicitor Insurance Brokers and are aimed at providing you and your firm with the knowledge, the time and the secrets to getting the best deal on your Solicitor Professional Indemnity Insurance premiums without wasting your valuable time.

The first tip to make sure your get the very best deal on your PI Insurance is one that many solicitors and lawyers may not realise works but it really does so here goes.

In the run up to October 1st you will no doubt be approached by a few alternative insurance brokers and companies all offering to try and get you the best deal. And assuming you would indeed like to save some money then tip 1 number is as follows.

When they ask you what you paid last year or what your best premium is (and they probably will ask this question) then tell them. That’s right, be totally up front with them and tell them exactly what you’ve quoted elsewhere.

This may not sound right but there are 3 main reasons why when buying Solicitor Insurance you would want to do this.

1. If you tell a good insurance provider your premium they should pretty much know straight away whether the premium is too high, too low or about right. Based on this information they can give you an immediate indication if they can get a lower premium. If they know they can’t they can tell you and save you time.


2. Another reason you should tell the person if they ask what premium you’re paying or have been quoted is because many insurance companies won’t give you the best price unless they have a price to beat. Let me say that again, if you don’t give your insurance broker or insurance company a price to beat, the chances are you won’t get the best premium. However, if you do tell them, they can use this information when dealing with the insurance company which ultimately can save you money on your solicitor insurance.


3. The final point on this matter is don’t be tempted to make up a price in the hope that you will save even more money. For example, the law firm of A Solictor & Partners are looking for Solicitor Professional Indemnity Insurance and last year they paid £7000. They’ve seen in the media recently that Solicitor Insurance premiums are falling so they want to see how much they can save.

Therefore when asked the question of “What did you pay last year” they decide to go in low and say £4500. By doing this most companies will know the price seems low and many won’t even provide a quote. Whereas had they been up front and said £7000 there’s every chance they could have saved some money. Therefore secret 1 is be totally honest when looking for solicitor insurance as it’s the best way to make sure you get the best premium. Give it a go...it really works.

For further information about Solicitor Insurance visit http://www.solicitorpi.com/

Motor Trader Insurance - 4 ways in which an Insurance Broker can help your business

Before we start to look at why using an insurance broker could be the perfect way to buy your Motor Trader Insurance let’s start off with a few supposed truths about the insurance industry.

Number 1 – Let’s be honest from the beginning and just say it – most people don’t like insurance. For most people losses rarely occur and therefore they are paying out insurance premiums year on year and yet they don’t actually see any real benefit of it.

Number 2 – Most people (even those who have suffered a loss and have made a claim) see insurance as too expensive with actual insurance companies seen as money grabbing and having no purpose other than to make money.

Number 3 – People see insurance as either boring and sold by men in suits or sold using annoying advertising on the television promising cheap or the cheapest insurance and delivering call centres who seemingly have replaced customer service with queues and staff who don’t really know what they are talking about.

If you’re a Motor Trader who needs to purchase Motor Trade Insurance and any of the 3 points above ring a bell with you then you really need to read on and discover just 4 reasons why using an insurance broker could be just what you need when you next buy your business insurance.

The first reason for using an insurance broker is that they can save you time. Yes you could spend time trawling the internet, thumbing through the yellow pages or ringing around a selection of insurance companies but you could also contact just 1 insurance broker and let them do the work for you. As a motor trader I’m sure you’re time could be put to better use elsewhere anyway.

The second reason why you might want to use an insurance broker when purchasing motor trader insurance is that providing they are independent (that is they have access to more than one policy) they can search to find you the very best cover. Cover that in some cases isn’t available anywhere else.

Another reason for choosing an insurance broker is that they can very often provide you with a level of service that you won’t find elsewhere. Go direct with an insurance company and there’s every chance you’ll be faced with queues, call centres and people without a real understanding of your needs. However choose the right insurance broker who understands the motor trade and you can benefit from advice and guidance aimed at reducing your exposure to risk. And in the event of a loss occurring they will even act on your behalf to make sure your claim is settled quickly and favourably.

The fourth and final reason why using an insurance broker could be just what you need when buying motor trade insurance is that they could save you money and we’d all no doubt like to be paying less for our insurance. A good broker will therefore be able to take advantage of the facilities they have with the leading insurance companies so you benefit from the cover, the service, the time savings and the premium savings all from the same source.

Motor Trade Insurance doesn’t have to complicated or expensive so find the right broker and make sure the price is right for your Business Insurance.

For more information about Motor Trade Insurance visit Northern Counties Insurance Brokers at http://www.northerncounties.com/motor-trade-insurance.php

Northern Counties – The UK’s Business Insurance Broker