Retired fear ruin when SIF closes : vimarsana.com

Retired fear ruin when SIF closes


Retired solicitors say they are living in fear of historical negligence claims landing on their doorsteps, as the backstop for protecting them draws to a close.
The Solicitors Indemnity Fund is set to close from September – a move delayed by a year previously – as the safety net for claims against a firm dating past the six-year run-off date is whipped away.
After a law firm closes, run-off cover must be purchased to protect solicitors and their clients if a claim arises because of negligence. The SIF has been dubbed as a ‘sleep easy’ clause as it protects retired solicitors – or potentially their estates – from historical claims.

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Frank Maher , Solicitors Regulation Authority , Law Society , Solicitors Indemnity Fund , Chancery Lane , Legal Risk , வெளிப்படையான மகேர் , வழக்குரைஞர்கள் ஒழுங்குமுறை அதிகாரம் , சட்டம் சமூகம் , வழக்குரைஞர்கள் இழப்பெதிர்காப்புப் நிதி , சான்சரி சந்து , சட்டப்பூர்வமானது ஆபத்து ,

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