Freelance Solicitors Professional Indemnity

Freelance Solicitors require Professional Indemnity Insurance that complies with  SRA regulations, arranging adequate and appropriate cover if providing reserved legal services to the public.

What differences are there between a Consultant Solicitors and Freelance Solicitors Insurance?

As a Consultant Solicitor you must operate under the umbrella of a fully regulated SRA firm whose Professional Indemnity Insurance almost always provides cover for work you undertake but a Freelncer Solicitor must purchase his own Insurance.

Freelance Solicitors we can help

  • Anticipated Fees greater than £20,000
  • Over 5 years Post Qualified Experience
  • a clean claims experience

Freelance Solicitors we will find difficult to arrange Insurance for

  • Overseas Exposure
  • Mergers & Acquisitions Work
  • IP Work
  • Commercial Work for Public Companies
  • More than 20% Commercial Litigation
  • any Financial Services Work

What is a Freelance Solicitor?

Is a self-employed individual who:

  • practises on their own, without employing anyone else in connection with the services they provide.
  • practises in their own name, and not under a trading name or through a service company
  • Is engaged and paid directly by clients

Full SRA Authorisation is needed if:

For exceptions to providing reserved legal advice without being authorised click this link.

 

Links to guidance & and support:

Solicitors Regulation Authority (SRA) – Guidance notes

How to be a Freelance Solicitor – Paperback Book

Freelance Solicitors – A fact sheet

Covid-19

The Covid-19 crisis poses challenges for the insurance broking community of all types and sizes. We have enacted a comprehensive continuity plan to minimise disruption to our customer support by phone or on-line which ensure that we maintain momentum in delivering Professional Indemnity Solutions to our customers. Support is available via your usual contacts on previous telephone lines (redirected at no extra cost to you) for questions about service, support, and key documents.