PYV Legal - Professional Indemnity Insurance for Solicitors

Distressed Risk

What is the PYV Legal Distressed Risks Professional Indemnity Insurance helpline?

The Distressed Risks helpline is aimed at helping those who are having difficulty getting professional indemnity insurance as a result of their "adverse claims record". Some practices may be led to believe they are uninsurable when in fact they are not. The distressed risks helpline can therefore help diminish the risk of practices applying to the Assigned Risk Pool.

This helpline is run by PYV Legal's dedicated solicitors' team, which is manned by professional indemnity insurance experts and will enable solicitors to obtain confidential professional indemnity insurance advice and quotations.

How can PYV Legal help firms who believe they are uninsurable?

Not all insurers are prepared to cover distressed risks and not all Insurance Brokers have access to distressed risks markets.

At PYV Legal, we have successfully demonstrated to insurers the benefits of arranging for risk managers to attend "distressed" firms and review their risk management procedures. This helps to present your firm, along with the risk manager's report, as a viable risk for underwriters to offer terms on. We feel this approach arms you with the best opportunity for obtaining terms.

Email: - Tel. 0870 264 2060 - Fax. 0870 383 5080