Risk perspectives - Dealing with PI renewal proposals

How confident would you be to sign a legally binding document, stating that no complaints had been made against your firm, knowing that if you missed just one, it could cost your firm a significant amount of money?

As soon as your firm's professional indemnity (PI) renewal proposal arrives, your firm will have to make just such a declaration. If one complaint is overlooked and turns into a claim, it could fall outside the protection of your PI policy.

On every PI proposal form, there is a "no

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