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26 March 2024

Professional Indemnity Insurance Rebate Scheme Re-instated

Members are advised that the Professional Liability Committee (PLC) has re-instated the Professional Indemnity Insurance rebate scheme.

A rebate may be claimed by those working part-time and, in certain circumstances, where a solicitor changes employment and the new employer is outside of the Master Policy Scheme.

Back in 2020, on advice from the Brokers that the scheme was not consistent with insurance industry norms and was not financially sustainable, the PLC concluded that it should be withdrawn.

However, implementation was deferred because of the pandemic and only became effective for the insurance year 1st November 2022-31st October 23.

Since then the PLC has looked closely at the scheme and the impact on Members and has concluded that a further review is needed. It has agreed to re-instate the scheme whilst this review is undertaken.

Information on the rebate scheme and an application can be found on the Law Society Website (insert link). Please note that the scheme is currently only accepting rebate applications for the year November 22-October 23 and that the closing date for the applications to be considered is 30th June 2024.


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