Legal Risk Thinkers - Colin Smith
Over many years SIRS has represented major law and other professional firms in securing optimal professional indemnity (PI) insurance.
We recognised that securing the best PI insurance is not just an administrative process of providing a proposal and making a standard presentation to Underwriters. It requires continuing innovation and a strategy which capitalises on all key positive issues about a firm including Risk management, Loss history, Culture, Commitment and Investment.
Working with Australia's leading Law Firm trainer, Ronwyn North, we maximise this position. This gains the support of Underwriters both in terms of capacity (which creates competition) and longevity which is in the firm's best long term interests, Premium reductions, preferred status of the Firm in the insurance market, real understanding of the business and empathetic claims response from Underwriters.
Our value as independent advisers is to target the existing and future issues which will place you ahead of the field. Most firms rely on historical claims to benchmark their professional liability risk management. At Legal RiskThinkers we aim for "Pre-Loss Wisdom" which is the detection of risks before they crystallise as a financial loss to the firm.
This allows us to stress test risks detected against all insurance contracts; the provision of "Pre-Loss" Wisdom.
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