The CLC is set to review its PII policy for the first time in six years
The Council for Licensed Conveyancers (CLC) has launched a consultation on possible changes to professional indemnity insurance (PII) cover for conveyancers and probate lawyers.
The regulator is seeking feedback from regulated firms, insurers, consumers, and other professionals across the wider industry before the consultation closes on 25 February 2022.
The CLC is updating its policy on PII; the last review was carried out in 2016, which prompted a move to an open market scheme based on standard Minimum Terms and Conditions (MTC) and governed by a Participating Insurers Agreement (PIA). This agreement means CLC-regulated practices can seek cover from any insurer who is part of the scheme, with a £2m minimum level of co...
