A mid-sized law firm seeking top-up professional indemnity insurance to meet regulatory and operational requirements.

The firm approached us after receiving a renewal quote from their existing provider for top-up professional indemnity cover. The quoted premium was approximately $42,000—an amount that was becoming increasingly prohibitive for their budget.

Many professional service firms, including law practices, tend to renew their insurance policies with the same provider year after year. However, this can lead to missed opportunities for cost savings and improved coverage. Brokers have access to a wide range of market options and can often identify more competitive alternatives.

Our team reviewed the firm’s existing coverage and sourced alternative quotes from multiple insurers. We identified a provider offering equivalent top-up professional indemnity cover for just $20,000 – less than half the cost of their renewal quote.

The firm accepted the alternative quote, resulting in a substantial saving of $22,000. They were able to maintain the necessary coverage while significantly reducing their insurance expenditure.

Don’t just roll over your insurance with the same provider each year. Engaging an insurance broker gives you access to multiple market options and can lead to significant cost savings. In this case, our market reach and expertise helped a law firm cut their premium by more than 50%.