Searching to bring PII premiums down
For many years Certainty’s members had commented on the cost of PII. This year approximately 85% of PII providers included Certainty Will search on their proposal form. Certainty Will search demonstrates risk management during the estate administration process when there is no Will or a newer Will may exist. The aim has been to lower a Law Firm’s risk profile and hopefully at some point in the future help to lower the firm’s insurance premium .
Indeed one insurer who insures circa 20% of the profession has stated that in some cases using Certainty could save them money on their insurance premiums.