Edward Donne, Divisional Director within our Professional Indemnity division, specialises in Licensed Conveyancer firms.
2020 has proven to be an extremely challenging year, particularly for Licensed Conveyancers. In these short, bite sized commentaries, he shares his experience of the current PII season along with his observations on how you might improve your position ahead of your next renewal, whenever that may be.
What’s happened to the PII Market for Licensed Conveyancers?
[2 min 30 sec watch]
For many firms who have already experienced the PI renewal process this year, it’s been an extremely challenging and frustrating time. 2020 has seen large increases in premiums, longer turnaround times and an increase in claims being made.
In this short clip, Edward summarises the reasons why the market is where it is right now.