A Complete Guide to PII for Solicitors
Professional Indemnity Insurance (PII) isn’t just a legal formality — it’s your license to practise and your protection against the unexpected.
At SRS Insurance, we specialise in arranging SRA-compliant Professional Indemnity Insurance for solicitors and law firms of all sizes.
Our dedicated team ensures your cover is competitive, compliant, and tailored to your unique risk profile.
Key Considerations for Your PII Renewal
Ensure a Comprehensive Submission
- Include five years of claims experience when presenting to insurers.
- Be persistent — some insurers delay releasing this data to discourage market shopping.
- Review claims reserves carefully and challenge inflated figures.
- Close off settled cases — insurers evaluate open claims when calculating risk.
Maintain Clear Communication
Choose a broker who prioritises expertise, service, and market access, not just price.
At SRS, we act as your ongoing risk partner, not just a once-a-year renewal service.
Review Your Indemnity Limit
- Check if your existing limit reflects your firm’s exposure.
- Use liability caps and engagement letters wisely to manage risk.
Avoid Market Overexposure
- Limit submissions to two specialist brokers for better outcomes.
- Overexposure can trigger automatic declines if insurers receive duplicate submissions.
Premium Flexibility
We offer monthly payment options and work with trusted finance providers for cost-effective solutions.
Risk Management — Your First Line of Defence
Insurance protects you financially, but good risk management protects your reputation.
SRS helps law firms identify weaknesses, strengthen internal controls, and present a strong risk profile to insurers.
Risk Management Priorities
- Consistent file and matter management
- Effective conflict-checking systems
- Proper use of engagement letters
- Ongoing staff training in compliance and confidentiality
- Structured supervision and sign-off procedures
- Transparent complaints handling
Firms that demonstrate robust risk management often benefit from lower premiums and smoother renewals.
Cyber Risk: The Growing Threat to Law Firms
Law firms are top targets for cybercriminals due to sensitive client data and funds.
A breach can cause severe financial loss, PII claims, and even SRA investigation.
Typical Cyber Threats
- Phishing and ransomware attacks
- Email compromise and payment diversion
- Data leaks from lost devices or human error
- Malware targeting remote work systems
Protect Your Practice
- Use multi-factor authentication (MFA)
- Maintain secure backups (offline or encrypted cloud)
- Train all staff in phishing awareness
- Encrypt client communications
- Conduct annual IT health checks and penetration testing
At SRS, we can combine Professional Indemnity and Cyber Liability Insurance into one integrated protection plan.
Why Choose SRS Insurance?
The solicitors’ PII market is more competitive and restricted than ever — fewer insurers, tighter underwriting, and rising premiums.
That’s why your broker’s expertise matters.
Why SRS?
- Specialists in Solicitors’ Professional Indemnity and Cyber Insurance
- Access to leading SRA-approved insurers
- Transparent advice and no duplication of submissions
- Support through claims, renewals, and risk management
- Trusted partner to law firms nationwide
Dedicated Legal Insurance Team
Our experienced team understands the pressures of running a law firm — from compliance and claims to client expectations.
We help you:
- Strengthen your risk management framework
- Improve your claims defensibility
- Simplify your PII renewal process
- Stay SRA compliant year-round
SRS Insurance — More Than Just a Broker
We’re not just intermediaries — we’re your strategic risk partner.
At SRS, we combine deep market insight with personal service, ensuring that solicitors and law firms get reliable protection, fair value, and long-term security.