Market shake-up drives IRS' two-year PI package
Indemnity Risk Solutions (IRS) is offering a two-year professional indemnity (PI) policy for solicitors ahead of the market's "biggest shake-up in a decade".
IRS said the 24-month period will provide small and medium-sized firms with "peace of mind" with the assigned risk pool set to end in 2013.
The underwriting agency said smaller firms may otherwise struggle to get the necessary insurance to keep them in business.
In a statement, the agency said: "IRS's two-year policy provides peace of mind that they will not have to renew their policy over the period in which the ARP is phased out."
IRS also said the policy would be more customer focused, with
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