MANAGEMENT LIABILITY INSURANCE FOR SOLICITORS
Protect your firm and senior personnel from liabilities arising from running your practice.
Solicitors today are required to adhere to increasingly complicated and onerous regulatory and compliance requirements. For this reason, it is essential that they are protected against liabilities arising from the management of their practices relative to such requirements.
How We Can Protect You
Management Liability insurance can protect your practice and managers from exposures to liability. Such liabilities can arise from a multitude of sources – for example:
- Employment Practices & Claims
- Health & Safety Breaches
- Regulatory Proceedings and Investigations
- Actions from Legislative Breaches – such as the Companies Acts, Legal Service Act 2007, and the Financial Services and Markets Act 2000
The insurance also applies to Investigation Costs incurred at an official enquiry or investigation by regulators authorised to investigate your affairs (for example, the SRA, Law Society, Information Commissioner or the Health & Safety Executive).
The insurance cover applies to “Wrongful Acts” committed in the course of running your practice – such as breach of duty, breach of trust, breach of warranty of authority, misstatement, misleading statement, libel, slander or defamation – and to the legal costs to defend any partners or directors where a claim has been made directly against them and arising from the manner in which they have managed their legal practice.
Other Insurance Solutions for Solicitors
Meet The Expert
For more information about how we can help, please get in touch with our Solicitors Insurance specialist.