Platinum Solicitors: Professional Indemnity Insurance for Large and International Law Firms
Protecting the achievements of the most ambitious firms
For large and international law firms, simply meeting high standards won’t do. The most prestigious UK and multinational firms require specialised cover that meets regulatory and financial requirements – and then exceeds expectations. Travelers’ Platinum Solicitors offering has made us a market leader in professional indemnity insurance for international, magic circle and UK top 50 law firms since the advent of the open market in 2000. Along the way, Travelers has maintained a reputation for financial strength and incomparable stability.
We take pride in the relationships we’ve built, supported by the expertise of our underwriters and a dedicated Claim team made up of qualified solicitors. With their backgrounds in private practice at large law firms and experience of professional liability defence across a breadth of practice areas, our Claim team understands the unique challenges that larger firms may face in the event of a claim.
Travelers’ in-house Risk Management team completes the Platinum Solicitors offering, providing both general and bespoke risk management approaches focused on issues specific to large law firms. And, for our international law firm clients, our multinational team provides local office cover in jurisdictions worldwide.
Our appetite
We cover
These fall within our appetite, and we’re happy to discuss details.
- UK top 50 law firms
We’ll consider
We may need more information to confirm a fit.
- Large law firms domiciled outside of the UK
Travelers advantage
In a dynamic world, things don’t always go to plan. Travelers offers expertise you can count on to address diverse risks thanks to a detailed and bespoke underwriting process.
- Financial strength. Financial strength and stability with international reach.
- Superior claims service. Expert Claims teams focused on delivering superior service.
- In-house legal services. In-house law firm that works with customers on claims where legal action is being taken against them.
- Dedicated risk managers & consultants. Access to risk consulting from trusted experts.
- Wellbeing support. Confidential counselling service in the event of a professional indemnity claim being made for those involved.
Advantage spotlight
You’ll be keen to know about the following.
By lawyers, for lawyers – backed by a wealth of claims data
Our risk managers work closely with firms to improve business practices and mitigate risk. Travelers’ risk managers and Claim team draw upon a wealth of claims data to analyse and identify:
- Frequency and severity of claims in different areas of work
- Types of errors that lead to claims
- Underlying causes of errors
- Current trends
Financial flexibility and extended policy administration
Access extended policy lengths up to 18 months and options to spread payments over time.
Making changes is easy
We help minimise repetitive paperwork and provide a range of financially flexible options to suit specific needs. Plus, we do not charge administration fees for updating a policy mid-term.
Varying limits
We can flex our cover limits to suit specific business needs, so the insured only pays for what they need.
We recognise loyalty
We look at the insured’s claims history and use this knowledge to ensure that the premium reflects the claims history.
A trusted partner
Those who need support at any stage – from underwriting through to claim handling – have named contacts to consult for seamless service.
Continuity of cover
We ensure uninterrupted protection and offer easy renewal processes, so those we insure never have to risk a period of no cover.
Platinum Solicitors covers & highlights
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Professional indemnity
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Bespoke wordings
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‘Lifeboat’ asset protection cover
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Primary and excess layers
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Dedicated in-house claims and risk management service – the Platinum proposition
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Locally compliant international policies
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Maximum capacity £25 million
Related products
Office
Travelers has the expertise to provide comprehensive cover for a wide range of professional and other office-based businesses.
Cyber
Every company faces cyber threats and risks. Cyber cover helps businesses deal with the increasing complexity of digital crime.
Special risks
We help companies that conduct business in high-risk countries protect their people against the threat of kidnapping and ransom with specialised cover.
11+ partner firms
As legal firms grow beyond 11 partners, their risks can multiply. Our professional indemnity offering provides the protection law firms need, so they can focus on their clients.
Let’s start the right conversation
For business
Find a broker
If you’re looking for covers and have a broker, ask about Travelers products.
If you need a broker, start with the right broker directory.
Need to call us directly? Contact us.
Policy healthcheck
Keep your policy on track with our online Policy Healthcheck tool. Just answer a few questions and get instant feedback on whether you should notify your broker of business changes during the life of your policy.
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