Given the mandatory nature of Professional Indemnity Insurance (PII) for legal services firms, understanding how to secure optimal coverage is essential. Our dedicated team can guide your firm in choosing suitable PII coverage and offer robust risk management support.
Threats to your organisation
The landscape of legal threats is ever-evolving, increasingly leading to litigation that can impact a law firm's valued reputation. Specialised support in mitigating these risks is no longer optional but a necessity. Our insurance solutions support a diverse range of circumstances involving clients or third parties, including:
- Negligence
- Errors and omissions
- Breach of trust and confidentiality
- Defamation
- Unintended consequences of artificial intelligence use
- Financial crimes
How we are helping law firms
Our PII services have been helping law firms apply comprehensive risk protection, place appropriate cover, manage claims, and receive in-depth market insights for decades.
Our priority is to achieve the most client-friendly insurance agreements with the best possible terms and conditions, focusing on key areas like Professional Indemnity, Directors & Officers, and Cyber risk.
We ensure our teams have access to the best tools and resources, emphasising their use in serving our clients' needs. Integrating our comprehensive industry knowledge with exclusive data and expertise, we equip our clients with the information vital for making informed decisions.
What truly sets us apart is our approach to client relationships. We're approachable and professional, we listen, we're flexible, and we focus on making a real difference where it counts. We share your commitment to success, offering steadfast support and the reassurance you need to grow your business.
Claims specialists
We're with you every step of the way, from setting up your policy to helping you when you need to make a claim. Our support has been crucial for our clients, helping them recover over millions every year.
Our seasoned claims advocates provide proactive, commercial, and timely management of claims from notification to settlement. We also focus on strategies to reduce future claim incidences, emphasising a more proactive approach to risk management.
Customised risk assessments for your business
With risk management, there is no one size fits all. Our clients benefit from front line experience and expertise in professional negligence, risk, and compliance. From satisfying legislative and regulatory obligations to managing priority risks such as money laundering, data protection, client confidentiality, cyber risk, and technological advancements we’ve got you covered.
Practical support we can provide include:
- Independent audits
- Bespoke and/or sensitive investigations
- Reviews of existing policies and controls and procedures
- Training
We work closely with you to ensure that our support directly contributes to your priorities, reinforces the objectives set by executive committees and management boards, and is consistent with your policies, controls, and procedures.
Insurance services powered by data
We use a blend of data and analytics to provide you with the most effective insurance services. Our Risk Profile Analysis allows us to understand and manage your legal risks better, ensuring that we can anticipate and mitigate potential issues before they arise.
We also offer Benchmarking and Loss Data services, comparing your data against industry standards to identify areas of improvement. Furthermore, our Risk Consultancy and Advisory services can provide you with expert advice and strategies tailored to your specific needs.
By combining these benefits, we ensure that our services are not only reactive but also proactive, helping you to stay ahead in the changing legal landscape.
WTW industry knowledge and global reach
WTW is not your average insurance broker.
We're on a mission to secure insurance agreements that truly favour our clients, prioritising not just competitive terms but also clarity and relevance.
Our PII practice sits within our wider Financial, Professional, and Executive risks line of business which offers the advantage of increased exposure to our insurance and industry specialists. Our wider risk and broking lines of business help add to the accessibility of insights from industries and regions across the world.
Act today by entrusting a PII broker that not only has access to a large portfolio of insurers in the market but also the risk management capabilities to ensure you are paying the correct premium.
