All practices regulated by the CLC must, as a condition of being licensed, have in place professional indemnity insurance (PII) to indemnify them for any civil liability incurred arising out of regulated services provided. The CLC runs a Participating Insurers Agreement and CLC regulated practices can seek cover from any insurer that is part of this scheme. This arrangement was put in place in June 2016. Among other things, it sets out a minimum level of cover of £2 million for each and every claim. It also ensures six years run-off cover at no additional cost when a practice closes with cover of £2 million in aggregate.
The minimum terms and conditions have been updated with effect from 1st October 2021 to clarify cyber cover in the policy, as required by the PRA and Lloyds. The updated MTCs are below.
A review of the CLC's wider PII arrangements is currently under way.
Details of Insurers
The CLC encourages practices to see quotes from more than one insurer. Below is a list of brokers and approved insurers. Further details about each scheme can be found by clicking on the links below.
Howdens CLC Scheme
Marsh JLT CLC Scheme
Miller CLC Scheme
Background documents
Below you can read and download the relevant policies and documents. These were amended in June 2022 following extended consultation.
CLC Professional Indemnity Insurance Minimum Terms and Conditions
Participating Insurers Agreement
CLC Professional Indemnity Insurance Framework
CLC Professional Indemnity Insurance Code and Guidance
