Solicitor insurance is designed to cover the unique risks that professionals working from an office may face. Solicitors, barristers, and other legal service professionals will require tailored insurance to safeguard against unforeseen events that could lead to large financial losses.
The legal profession incorporates a number of activities, from preparation of wills to arbitration services. Whatever your speciality, ensuring you have protection against certain eventualities that could lead to a claim is crucial to business continuity.
Liability insurance is essential when you have clients visiting your office, to safeguard against potentially large compensation awards in the event that they fall and sustain an injury. For instance, if a client tripped and injured themselves at your premises, then any medical and legal expenses will typically be covered by your public liability insurance as well as any compensation awarded as a result.
If you are an employer, it is your legal obligation to have employers' liability insurance in place to protect your staff during the course of their employment. If a member of staff injured themselves at work then this would take care of any associated expenses and compensation awards.
As well as protecting your liabilities, your office contents, premises and documentation will need to be protected too. Solicitors insurance typically includes all of these covers with variable levels of cover available to tailor to your unique requirements.
Business interruption insurance can protect your income and expenses should you suffer damage at your office premises resulting from an insured event. This cover can be the lifesaver of your business. If you suffered a total loss due to a fire for instance, you may not be able to trade there for a while as the building is restored. Business interruption cover can also help fund alternative premises whilst yours is rebuilt.
As well as protecting your office premises against fire, flood storm and other such perils, you will also need to consider covers that are mandatory to your profession. Like many other types of professionals, solicitors are required by their regulatory body to have professional indemnity insurance in place in order to practice, if you need this cover please contact us and we can arrange it over the phone.
Commercial legal expenses should also be considered as well as office insurance, as it safeguards against tax and VAT disputes, contract disputes, commercial tenancy disputes and jury service allowance.
We have many years’ experience helping legal service professionals, and make arranging your solicitor office insurance simple and hassle-free.
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