— PRODUCT

Solicitors Excess Professional Indemnity – Hong Kong

Lockton is a leading risk and insurance consultant to Solicitors worldwide. We work closely with a broad range of Firms of all sizes, practicing in markets across the globe.

In Hong Kong we have gained broad market acceptance of our bespoke Lockton Agreed Wording (LAW), with the following features, advantages and benefits:

Features:

Any one claim protection
Umbrella Contract terms – wider cover than available from the Solicitors Indemnity Fund
All Insurers rated "A" or better by Standard & Poor's
Access to more than HK$2 billion in committed capital

Professional Liability Top-up

Premium can be as low as HKD11,500 for HKD10,000,000 excess limit with attachment point right from underlying PIS of HKD20,000,000 any one claim.*
Quickly get a quotation within 4-5 days after returning a completed proposal form*
Unique Lockton Agree Wording (LAW) excess policy
Experienced with large program structure with limit of liability over HKD2billion

*Note: Subject to law firm area of practice, no prior claims, and other underwriting information requested in the proposal form

Cyber Liability

Lockton's proprietary "Enterprise Datalock 2.1 – HK" Policy form which is providing some of the broadest cover available in the cyber insurance market
Immediate quotation with just the fee income**:
- HKD30m Fee Income with premium as low as HKD20,000
- HKD50m Fee Income with premium as low as HKD22,500
- HKD100m Fee Income with premium as low as HKD30,000

**Note: A Cyber Liability proposal will need to be completed prior to confirm cover

Lockton law firm experience and expertise also stretches out of Hong Kong:

In Malaysia, Lockton assists in the Malaysia Bar Council on reviewing the Master Policy Scheme
In Singapore, Lockton is the appointed broker for the mandatory PI scheme since 1991 and has recently launched an exclusive Cyber insurance Facility for all law firms.
In Korea, Lockton is the exclusive broker for the Korea Bar association since 2002
In the UK, Lockton is the market leader in solicitor Professional Indemnity and is the appointed broker for Scottish Law Society.

For any questions, please feel free to contact our team.