JLT warns against two-year solicitors’ PI deals

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This year marks the last year before the assigned risk pool (ARP) is disbanded and has led to providers issuing longer term products.

Mike Perry, partner, JLT Speciality commented: "We are seeing a number of providers offering two year PI insurance which obviously has its appeal, the avoidance of the annual renewal and peace of mind for a two year period.

"However as everyone is current contributing towards the cost of the ARP, it is very possible that premiums will drop for many solicitors next

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