Professional Indemnity Legal Developments Pushing the Boundaries
Solicitors are often the target of professional negligence claims and as a result solicitors' firms must obtain professional indemnity insurance in accordance with the SRA Indemnity Insurance Rules. Rightly or wrongly there is a general feeling within the legal community that competent legal practices get the short end of the straw as a result of a diminishing number of firms with poor risk management.
While the SRA believed that introducing a minimum level of cover would introduce flexibility into the market, assist firms obtain the right level of cover for the work and prevent firms incurring increased costs for themselves and their clients, the Law Society opposed this course of action claiming it would only serve to create a set of sub-class firms unable to afford anything but the minimum cover and who will subsequently be shunned by clients.
During this course, professional indemnity and professional negligence specialist Peter Causton will consider the difficulties faced when attempting to strike a balance between protection of consumers and the cost of providing protection.
This course will use recent case law examples to examine the changes which have occurred within the area of negligence law, how the boundaries of claims against professionals have been moved and recent developments within this field of practice.
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