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Professional Indemnity Insurance for supervisors (medium and large firms)

Did you know that professional indemnity insurance (PII) is often the third largest expenditure item for most firms?

Understanding what drives a firm’s PII costs is critical to managing the business and financial implications for a firm. As the supervisor who will receive first notice from those they supervise of an actual or potential error, attend this course as it guides you through the whole PII process, focusing on the elements relevant to your role as a supervisor. The course will give insights into the economics of PII, what to do when a potential claim emerges, and how to identify a high-risk matter coming into your team.

Required prior knowledge

Having supervision of staff delivering legal services

What this will cover

In this course training is given on the following areas:

  • The PII regulatory framework, risk management, and what to do when an error is found.
  • The economics of PII
  • The supervisor’s role when an incident occurs
  • Fundamentals of risk management for the supervisor
Learning outcomes

After completing this course, you will be able to:

  • gain an understanding of the economics of PII and why it plays a key role in the financial health (or otherwise) of your firm
  • get best practice guidance relevant to your role and understand the potential pitfalls when an incident is discovered
  • understand the fundamentals of risk management in relation to your role as supervisor
How you will learn

Course format

This interactive online training consists of the following elements. An interactive course presentation, with a variety of knowledge checks spaced throughout, to test understanding of the material as the learner progresses.

Online assessment

Our modules conform to Web Content Accessibility Guidelines 2.1. However, some members may require an alternative version for accessibility purposes. This is available upon request via our contact us form.

Assessment

In order to pass the assessment, you must achieve a mark of 70%. The knowledge checks included in the course presentation are intended to aid your understanding of the content and offer the opportunity to apply your knowledge. They do not form part of the assessment.

Length

The course will take approximately 30 minutes to complete, excluding assessment.

No. of items Discount
11 – 19 15%
20 – 29 20%
30 – 39 25%
40 + 30%
£57.89 ex VAT
Type of training
CPD
Format
Bitesize
Level
Intermediate
Who is this for?
Solicitors
Course length
30 mins
Assessment type
MCQs (Multiple Choice Questions).
SRA Competence
A1
A3
D3

The experts

Peter Bennett FCCA

Expert

View expert bio