Professional indemnity insurance during UK lockdown – Julie Norris quoted by Law Society Gazette

Julie Norris, partner in our regulatory team, is quoted in Law Society Gazette about professional indemnity insurance during the UK lockdown. She comments on the large payouts insurers have given in the legal sector in recent years and the risks to information security that homeworking poses. 
 

This, coupled with an increase in smaller claims for common negligence, cybercrime and so on, has meant that the premium pot has taken a huge hit."

The way law firms are working during the lockdown gives rise to risks. Homeworking tends to make information security more problematic, and there is more exposure to cybercrime. All this may have affected firms that have just renewed and will certainly be likely to impact on firms renewing in October."

The full article from the Law Society Gazette can be read here: Running for cover.