Why do solicitors need professional indemnity insurance?

Solicitors need Professional Indemnity insurance because their work is advice-related.  They give their clients advice about a whole range of legal matters, so the chances of a claim for professional negligence or wrongful advice is quite high.  It is essential for solicitors to carry Professional Indemnity insurance and the majority of them are insured with Lloyds of London.

 

If you have an insurance query, the professional and friendly staff at Westralian Insurance are here to help.  Call them on (08) 9302 1388, or visit www.westralianinsurance.com.au