Q&A with Steve Johnson and Jeremy Dorkins
Search provider poweredbypie has worked with CLS PI for almost ten years. CLS is a leading provider of products and services for Legal Indemnities and Estate Administration matters. We spoke to Jeremy Dorkins, UK Director of Customer Success at poweredbypie and Steve Johnson, National Key Account Manager, CLS PI to find out more about indemnity […]
Chancel Legal Indemnity Insurance case studies in conveyancing risk management
A series of case study articles giving real life examples of the protection provided by specialist Legal Indemnity Insurance: protection for the insured and risk management for conveyancers and property solicitors. In this article, we look at a case study example of where CLS provided Chancel Legal Indemnity Insurance. CLS Property Insight is highlighting how […]
Potential claims for SDLT errors could cause a professional indemnity crisis
– with premiums rising up to 30% in 2021 Last month, an industry reforming technology was launched for the legal profession, protecting property lawyers and conveyancers against an ongoing professional indemnity crisis surrounding SDLT. Evolving at speed across the nation, residential conveyancing remains the area of practice where most insurance notifications are received, with residential […]
PII and Start-ups
The past year has certainly provided many challenges to this industry but we shouldn’t let that overshadow the fact that we’re at an exciting time in the development of conveyancing services. The last few years have seen an explosion of innovation with the development of new tools and technology that are revolutionising the home buying […]
Professional indemnity insurance policies must provide clarity on cyber-related risks
The Law Society has today voiced its support of the Solicitors Regulation Authority (SRA) as it consults on proposed changes to the minimum terms and conditions (MTCs) for professional indemnity insurance (PII) policies so they’re clearer on cyber-related risks. The SRA’s consultation response is in reaction to demands from the insurance industry for PII policies […]
Professional Indemnity Insurance Renewals – Creating confidence for your insurer
The latest details for the next Minerva conversation has been released. This series of webinars has brought together some of the best influencers, regulators and experts within the industry. This time sees the team from Insurance experts Gallaghers’ Risk Team provide advice around achieving favourable terms, how to mitigate and minimise risk when applying from […]
Man Without Smiling Face Should Not Open Shop!
The best way to avoid dealing with difficult people to prevent them from becoming difficult in the first place. No one likes complaints. A customer complaint can invokes feeling of hurt, anger and sadness and sometimes fear. If you are the subject of the complaint, you may instinctively rush to defend yourself, or perhaps you […]
CLC launches cyber insurance consultation
The Council for Licensed Conveyancers (CLC).has launched a consultation aimed at clarifying the extent to which cyber-related losses are covered by professional indemnity insurance (PII). The six-week consultation is in response to directions from both the Prudential Regulation Authority and Lloyd’s of London to manage ‘silent’ risk by being explicit on whether coverage is provided […]
Ground rent doubling negligence claim
A case has been brought against a conveyancing firm for failure to notify their client of the incremental increases in ground rent on their leasehold property. The case relates to the previously common practice of builders selling new-build properties with leasehold tenures, with an agreement that the ground rent would double every 5-10 years. Carole […]
Why a Digital ID Standard is a welcome step for conveyancers
Following on from our chat with Mike Harlow from HM Land Registry about Safe Harbour being a positive catalyst for change, Alastair Johnson is Founder and CEO of Nuggets, a blockchain ecommerce payments and ID platform that is redefining online security and privacy provides his insight on the Digital ID Standard. HM Land Registry (HMLR) […]
Webinar: Tips for Applying or Renewing PII in 2021
Is your conveyancing firm ready for the process of applying for or renewing your professional indemnity insurance (PII)? To ensure that you’re prepared, join Clio’s UK Community Manager, Geraldine O’Reilly, along with Lee Catling from PII broker Lockton Companies LLP, in a free webinar: The Making of a Law Firm Series: PII—Tips for Applying or […]
Your views wanted on cyber loss insurance clause
The Solicitors Regulation Authority (SRA) are calling for professionals in the legal sector to give their feedback on a clause which covers for cyber losses explicit in the minimum terms and conditions (MTC) of professional indemnity insurance (PII) policies. On the SRA’s website it states: We are consulting on a proposal to make a change […]
Reassuring the insurers to keep indemnity costs down
Brian Rogers FCMI, Regulatory Director at Access Legal, explains why compliance can help reduce the rising cost of indemnity insurance and why, as an industry, we must all promote best practice. It’s no secret that the professional indemnity insurance (PII) market has been hardening for some time, particularly for areas of law deemed high-risk, like […]
PII: the impact of the pandemic
Legal Eye MD Paul Saunders talks to Howdens Executive Director Martin Ellis and Divisional Director Colin Taylor about the impact of the pandemic on Professional Indemnity Insurance for law firms. As firms prepare for renewal points in April or October, this short video outlines some of the key trends amongst insurers and offers some tips […]
Webinar: the PII market
Join us on Tuesday March 16th at 11.00am for a free webinar where we will look at the picture of the Professional Indemnity Market. Tom Lyes Director of Engagement from Lawyer Checker will be talking to Jenny Screech from Howden Insurance Brokers Limited who will share her extensive knowledge of the market, some best practice […]
Government statement clarifies SDLT ‘tapering’
The government has provided clarity on the stamp duty land tax announcements made by Chancellor Rishi Sunak in yesterday’s budget. The official note released by the government reads: “The temporary increase to the nil rate band for Stamp Duty Land Tax, which is the rate before you start paying SDLT on residential property has been […]
CLS Property Insight introduces Savendale, Powered by CLS PI
CLS Property Insight (CLS PI) announces a new partnership with Savendale Insurance Services – an established company with unrivalled industry experience and expertise that will bring a focused series of offerings to private client solicitors in Scotland. CLS PI has become a market-leading provider of Executry and Guardianship Bonds by listening to the industry and […]
Challenges and Changes for Conveyancers
Stewart Title hosting FREE CPD Webinar on the most important issues for property lawyers in 2020 Ever since the effects of the Coronavirus epidemic started to hit the real estate market in March, Stewart Title has been proud to work with noted property law expert Ian Quayle to deliver a unique series of FREE CPD Webinars for […]
Philip Armstrong reflects on his ’viral’ conveyancing video
Following on from the overwhelming response to last week’s LinkedIn video, Armstrong Solicitor’s Philip Armstrong reflects on the impact the video has had around the sector, the feedback he has had from fellow practitioners and the key lessons he feels we should take away from the sentiments shared. The video, shared by Today’s Conveyancer last […]
Conveyancers asked to check protection following SIF closure postponement
As a result of the coronavirus pandemic, the closure of new claims to the Solicitors’ Indemnity Fund (SIF) has been postponed until 30 September 2021. Although, the postponement gives conveyancers another 12 months breathing space. Simon Davis, President of the Law Society of England and Wales has revealed that this doesn’t resolve “the underlying problem” […]
