Insurance (PII)
View information and resources for PII Renewal below.
PII Renewal 2024/2025
The Common Proposal Form 2024/25 and Guide to Renewal are available below. The list of insurers and other resources for the 2024/2025 indemnity period will be published shortly.
PII Forms & Resources
Click on the links below for current PII forms, news and resources
- Insurance Status
- Common Proposal Form
- Guide for renewal
- Current PII Regulations
- Participating Insurers Agreement
- Insurers
- Brokers
- Confirmation of Cover
- Special Purpose Fund Manager
- Run-off Cover
- Risk Management
- Other PII Resources/Previous periods
- Helpline
News
Insurance Status of Firm
Please note that information on the current professional indemnity insurance (“PII”) provider for each firm is available under Firm Insurance Details.
Current PII Regulations & minimum terms and conditions
- Rules of Procedure for PII Committee
- 2024/2025 PII Regulations and minimum terms and conditions
- IAASA PII Regulations Guidance 2016
Common Proposal Form
The editable Common Proposal Form documentation for the 2024/2025 indemnity period can be downloaded below. These are large files so they may take a few moments to open. Firstly save the form to your computer before you complete the form. You should use this form and guidance to apply for PII cover unless otherwise directed by your broker.
You may need to select 'control' and 'F5' on your keyboard when accessing the form to see the latest version.
- Common Proposal Form
- Guidance for the Common Proposal Form – Coming Soon
- Financial Services Supplementary Questionnaire
- Supplementary Claim Form
Please note: a certificate of good standing is not required to be included with the common proposal form as part of your PII application.
Guide for Renewal
- Tips for renewal
- Guidance for obtaining the best quote
- Important points to note
- Guide to insurers
- Guide to brokers
- List of brokers
Participating Insurers Agreement
Insurers are required to sign a participating insurers agreement in order to participate in the solicitors’ PII market.
The signed agreement is required to be received by the Special Purpose Fund Manager, DWF Claims (Ireland) Limited in hard and soft copy on or before close of business on 1 November 2024.
The Law Society has no power to grant any extension of this deadline. As such, if the form is not submitted to the Special Purpose Fund Manager on or before 1 November 2024, the insurer will not be permitted to act as a participating insurers in the market in 2024/2025. It should be noted that there is no minimum level of participation in the Special Purpose Fund for any insurer who signs the Participating Insurers Agreement this year.
Queries or applications to the SPF Manager should be directed to DWF Claims (Ireland) Limited.
PII quotes
All insurers are required to leave quotes to firms open for a period of not less than 10 working days. This requirement was introduced in the 2012/2013 indemnity period and remains in place.
Insurers
The list of participating insurers for the 2023/2024 indemnity period is available below. The updated list of participating insurers for 2024/25 will be published in early November 2024, and the Law Society does not expect any insurer to leave the market.
Lists of participating insurers for previous indemnity periods can be accessed under Other PII Resources.
Financial rating of insurers
The Law Society introduced a new requirement for all participating insurers for the 2018/2019 indemnity period increasing the required minimum financial strength rating of the insurer from BBB (S&P, Fitch or equivalent) to A (Fitch, S&P or equivalent). Insurers must meet and maintain the minimum financial strength rating to participate in the market. Information on the insurer’s financial rating should be provided with every quote.
Brokers
The list of brokers who expressed their willingness to arrange PII cover from participating insurers is as follows.
For a list of brokers for previous indemnity periods, see Other PII Resources.
Login for brokers
For details of login access or other broker queries, see confirmation of cover below.
Confirmation of Cover
Confirmation of cover for the 2024/2025 indemnity period must be provided to the Law Society (through the Law Society’s online confirmation of cover system) no later than close of business on Thursday 5 December 2024.
Such confirmation must include your policy number, and confirmation of cover cannot be provided until the policy is actually in place. It is the statutory responsibility of the solicitor firm to ensure that such confirmation of cover is provided to the Law Society in the required online form.
It is noted that some firms who have confirmed PII cover to the Law Society during 2024 have a coverage period that extends past 30 November 2024 (variable renewal date). Such firms are still required to re-confirm cover for 2024/2025 with the Law Society by 5 December 2024.
Please note that your firm will not be reflected as having PII in place on the Law Society’s “Find a Firm” online search facility until the Law Society has received the required online confirmation of cover and the Law Society’s system has been updated.
Please note that cover must be provided through the Law Society’s online portal by your broker and will not be accepted in hard or soft copy. Firms are advised to ask your broker for a copy of the Law Society’s email confirmation to ensure that the broker has lodged cover through the Law Society’s online portal on or before close of business on 5 December 2024.
If any firm has a new coverage period commencing prior to 1 December 2024, you are required to ensure that your broker provides confirmation of cover through the Law Society’s online portal within three working days of the date of commencement of your cover, and re-confirms the cover through the Law Society’s online portal on or before 5 December 2024.
If your cover commences after 1 December 2024, you are required to ensure that your broker provides confirmation of cover through the online portal within 3 working days of the date of commencement of your cover. If you have any queries, please email piihelpline@lawsociety.ie.
Special Purpose Fund Manager (Assigned Risks Pool and Run-off Fund)
The Special Purpose Fund consists of the Assigned Risks Pool and the Run-off Fund. The Assigned Risks Pool is the insurer of last resort for solicitors unable to obtain cover in the market. The Run-off Fund provides run-off cover to eligible ceased firms.
See more information and contact details for the Fund Manager under Run-off Cover.
Run-off Cover
For information including the Run-off Fund and Run-off Fund Guidelines, see the Run-off cover section.
Risk management
One of the main factors taken into account by insurers when considering the risk profile of a solicitor firm, and therefore whether the insurer is willing to insure a firm and the cost of that insurance, is the implementation and maintenance of risk management strategies and procedures to minimise the risk of an insurance claim against the firm.
The Law Society's risk management guidance notes set out risk management policies and procedures that firms should consider implementing in order to reduce the firm’s risk profile and correspondence PII premium.
Previous Indemnity periods
PII documentation, forms, statutory instruments, Risk Management Consultants and news items for prior indemnity periods can be accessed under Other PII resources.
Helpline for Solicitors
The Law Society operates a PII helpline Monday to Friday, 10am to 4pm to assist firms in dealing with the professional indemnity insurance queries. The helpline can be contacted by phoning 01 879 8707 or emailing piihelpline@lawsociety.ie.
