Solicitors’ ARP to grow

The assigned risks pool (ARP) for law firms unable to find insurance in the market is expected to grow this year as the hardening market and higher premiums bite at firms with a poor claims record. As a result, warns David Coughlan, head of solicitors’ indemnity at Zurich Professional, the better-risk solicitors will end up “footing the bill in a situation not far different from that which existed during the Solicitors Indemnity Fund.” He argues that the minimum terms of the Law Society’s indemnity insurance requirements are too wide.