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.