SRA Indemnity Insurance Rules


These rules require firms that are authorised by the SRA to take out and maintain professional indemnity insurance. They do not apply to solicitors, RELs and RFLs that practise outside SRA authorised firms.

Part 1: General

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Part 2: Responsibility and monitoring

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Part 3: Reporting

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Part 4: Transitionals

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Annex 1

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Annex 2

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Supplemental notes

Made by the SRA Board on 5 December 2018.

Made under sections 31 and 37 of the Solicitors Act 1974, section 9 of the Administration of Justice Act 1985, and section 83 of, and paragraph 19 of Schedule 11 to the Legal Services Act 2007.

The SRA Indemnity Insurance Rules 2013 do not apply in respect of any indemnity period beginning on or after 24 November 2019 but they remain in force in respect of the indemnity period from 1 October 2013 to 24 November 2019 inclusive.

SRA Indemnity Insurance Rules

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You are reading current version in effect from 25 November 2019

Guidance

Guidance

The Insurance Act 2015 - Guidance

Guidance: To help you understand changes to the minimum terms and conditions of solicitors’ professional indemnity insurance which came into force in August 2016.

Adequate and appropriate indemnity insurance - Guidance

Guidance: To help you understand your requirement to take out and maintain professional indemnity insurance that provides adequate and appropriate cover in respect of services you provide.

Adequate and appropriate indemnity insurance - Case studies

Case studies: This case study should be read in conjunction with the guidance on adequate and appropriate indemnity insurance.

Professional indemnity insurance extended policy cessation period - Case studies

Case studies: These case studies explain when firms must keep us informed if they are having difficulties obtaining professional indemnity insurance during the renewal period.

Professional indemnity

The Solicitors Regulation Authority (SRA) regulates solicitors in England and Wales. Browse the Code of Conduct, Solicitors' Accounts Rules and CPD requirements, or apply for permission to practise. Professional indemnity

Glossary terms

indemnity period

means in the SRA Indemnity Insurance Rules and the MTC, the period of one year starting on 1 September 2000, 2001 or 2002, the period of 13 calendar months starting on 1 September 2003, or the period of one year starting on 1 October in any subsequent calendar year