Specialist Management Liability Insurance for Solicitors
Protect your firm. Defend your reputation. Safeguard your people.
Management Liability Insurance is one of the most misunderstood — yet most critical — covers for UK law firms. It protects partners, directors, COLP/COFA holders and senior managers against personal and corporate exposure arising from regulatory action, employment disputes, and management decisions.
At SRS Insurance, we arrange specialist Management Liability Insurance for solicitors, designed specifically around SRA investigations and tribunal defence.
The Most Important Cover: SRA Investigation & Tribunal Defence
If your firm, COLP or COFA is investigated by the Solicitors Regulation Authority, the cost of defence alone can be financially damaging, even where no wrongdoing is ultimately proven.
Typical legal defence costs for an SRA investigation or tribunal regularly range between £20,000 and £50,000, excluding:
- Management time
- Reputational impact
- Regulatory penalties
Many firms mistakenly assume their Professional Indemnity (PI) policy will respond.
In most cases, it will not.
Management Liability Insurance fills this critical gap.
Specialist SRA Defence Support Included
A properly structured Management Liability policy can provide dedicated regulatory defence support, including:
- Access to rradar, a specialist law firm experienced in SRA matters
- 24/7 crisis legal support for urgent regulatory issues
- Legal defence costs from initial investigation through to tribunal
- Legally privileged advice at every stage
Without this protection, defence costs often fall directly on partners or the firm.
What Else Does Management Liability Insurance Cover?
Management Liability Insurance is a multi-section policy designed to protect both individuals and the firm.
Directors’ & Officers’ (D&O) Liability
Covers personal liability of:
- Partners
- Directors and members
- Senior managers and decision-makers
Including allegations of breach of duty, mismanagement, or governance failures.
Employment Practices Liability (EPL)
Covers legal defence costs and claims arising from:
- Unfair or constructive dismissal
- Discrimination or harassment
- Whistleblowing
- Breach of employment contracts
Employment tribunal claims are among the most common losses faced by law firms.
Corporate Legal Liability
Provides protection for the firm itself, including:
- Breach of contract claims
- Defamation and reputational disputes
- Regulatory investigations (where insurable)
- Certain data protection and privacy claims
Key Benefits of a Specialist Policy
- SRA investigation and tribunal defence
- Direct access to specialist lawyers (not call centres)
- Employment tribunal defence costs
- Regulatory investigation protection (e.g. ICO, HSE, HMRC)
- Legal support following data breaches or allegations
- Legally privileged advice throughout
Why Specialist Placement Matters
Management Liability policies vary significantly in:
- Regulatory cover triggers
- Defence cost provisions
- Exclusions affecting solicitors
- Who qualifies as an insured person
Poorly structured policies can leave COLP/COFA holders personally exposed, even where cover appears to be in place.
Why Choose SRS Insurance
SRS Insurance is a UK-based, FCA-regulated insurance broker specialising in professional risks.
We provide:
- Specialist Management Liability placement for law firms
- Clear advice on how cover interacts with PI, cyber and crime insurance
- Access to leading legal-sector insurers, including AXA and Pen Underwriting
- Policy wording scrutiny and claims support
We work with:
- Sole practitioners
- Partnerships and LLPs
- Multi-office firms
- Practices with designated COLP/COFA roles
Speak to a Management Liability Specialist
Speak to a Management Liability Specialist
If you are a solicitor, partner, or compliance officer and want to ensure you are properly protected against SRA action, employment claims, and management risk, speak to SRS Insurance.
A short review now can prevent significant uninsured exposure later.
Make sure your insurance protects your accreditation — not jeopardises it.
Call 01274 965791 or visit www.srs.insurance to request your personalised quote today.