The CLC runs a Participating Insurers Agreement and CLC-regulated firms can seek cover from any insurer that is part of that scheme. This arrangement was put in place in June 2016.
Among other things, it sets out a minimum level of cover of £2m for each and every claim.
It also ensures six years of run-off cover at no additional cost when a firm closes, with cover of £2m in aggregate.
The CLC encourages firms to seek quotes from more than one insurer. Click on the names to find out more about each scheme.
Below you can read and download the relevant policies and documents.
According to this year’s survey of the profession following the PII renewal round, more firms secured quotations from two or more insurers than last year (62%, up from 51% in 2016).
Satisfaction levels with the process remained at broadly the same high levels and there were suggestions for further improvement of the process.
We will use the findings of the survey to improve our work with the profession and insurers to protect the consumer.