Freelance Solicitors PI Insurance
Updated for 2026
Since the SRA rule changes in late 2019, the freelance solicitor model has grown — but the PI insurance market for this sector remains specialist and, for reserved work, limited.
Since the SRA rule changes in late 2019, a new route for self-employed solicitors was introduced under the title of Freelance Solicitor. This allows solicitors to practise on their own account without needing to set up a traditional law firm, provided certain criteria are met.
At the same time, the professional indemnity insurance market was facing significant challenges. A thematic review by Lloyd's of London — which has historically provided much of the capacity for solicitor PI insurance — reported approximately £347 million in losses across the legal sector over the five years to 2019, with around two-thirds of those losses relating to PI insurance. As a result, several insurers withdrew from the solicitors' PI market, creating a shortage of available cover and a difficult landscape for both new and existing practices.
The aftermath of the pandemic further limited new entrants to the market, particularly for newer freelance models. The market has stabilised in subsequent years but remains specialist, and capacity for freelance solicitors undertaking reserved work is genuinely limited.
At Professional Liability Brokers, we specialise in sourcing Professional Indemnity Insurance for freelance solicitors. Whether you are setting up under the SRA's freelance model or launching a traditional regulated practice, we understand the market and can help you:
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