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Brokers

Financial and regulatory pressures, combined with a hard indemnity insurance market, means that sound financial and risk management in law firms has never been more important. A poor claims and complaints history can have potentially disastrous consequences for a firm.

The Compli team offers a range of consultancy services to law firms and prospective ABSs aimed at reducing risk, whilst promoting stability and profitability. We have developed dashboard software that can be used to present insurers with a transparent view of claims and complaints information and a clear insight into a law firms attitude and approach to risk.

Our services complement and enhance the broker offering as we work with you and our mutual clients to procure reduced professional indemnity insurance premiums and improved risk profiling for presentation to insurers.

Please see the list below for an overview of our core service offerings.

  • Compliance and financial audits

    We work with you and your clients to procure reduced PII premiums and improved risk profiling for presentation to insurers. Our compliance and financial audits identify areas of weakness in a firm and provide the firm with an action plan for improvement. Combined with our ongoing support services, your clients will, over time, reap the benefits of reduced PII premiums as well as staying off the SRA’s radar.

  • Claims and complaints software

    We have developed dashboard software that can be used to present insurers with a transparent view of claims and complaints information and a clear insight into a law firm’s attitude and approach to risk.

  • Lexcel consultancy

    Our consultants can provide expert advice and assistance to ensure that policies, procedures and internal management processes are consistent with the most up-to-date Lexcel requirements. We can assist in ensuring success in the Lexcel accreditation application process. Becoming Lexcel accredited may lead to reduced professional indemnity premiums and improved profitability through efficient management processes. Our team can also provide support and assistance to firms seeking to become WIQS and CQS accredited.

  • Pre-renewal audits

    Our services complement and enhance the broker offering as we work with you and our mutual clients to procure reduced professional indemnity insurance premiums and improved risk profiling for presentation to insurers.