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Irish Solicitors Professional Indemnity Insurance

June 2011
Stephen Chessher

Half way through the 2010 – 2011 year of insurance two major issues have caused extensive debate in the Irish solicitors profession generally and amongst professional indemnity underwriters in particular.

The first issue is the financial collapse of the SMDF which until recently was the largest insurer of Irish solicitors and last year still accounted for approximately 30 percent of the market by premium income.

The second market issue which has recently been in the news is the consideration by the Law Society of a Master Policy for the profession.

Stephen Chessher discusses these points and their implications.

Location: Ireland

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