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Professional Indemnity Insurance

The CLC runs a Participating Insurers Agreement and CLC-regulated firms can seek cover from any insurer that is part of that scheme. This arrangement was put in place in June 2016.

Among other things, it sets out a minimum level of cover of £2m for each and every claim.

It also ensures six years of run-off cover at no additional cost when a firm closes, with cover of £2m in aggregate. 

 

Details of Insurers

The CLC encourages firms to seek quotes from more than one insurer. Click on the names to find out more about each scheme. 

Howden CLC Scheme   

JLT CLC Scheme    

Willis CLC Scheme

 

Background documents

Below you can read and download the relevant policies and documents. 

CLC Professional Indemnity Insurance Terms (effective 1st July 2016)

Participating Insurers Agreement (sample agreement)

CLC Professional Indemnity Insurance Code and Guidance

CLC Professional Indemnity Insurance Framework

 

Firm's views of the new arrangements

Following completion of the first PII renewal round under the new arrangements, in June 2016, we carried out a survey of firms to seek their views. There was a great deal of positive feedback as well as some pointers for further improvement. 

Read the full report