We have liaised with the FSCS and can confirm that provided the policy wording allows, FSCS protection covers incurred and invoiced legal costs incurred in the defence of a claim brought by a 3rd party against a protected policyholder. This includes legitimate disbursements, costs of experts etc.
Specific to solicitors' PI claims, FSCS protection extends to some pre-litigation work including the cost of investigating, reducing, avoiding or compromising any actual or potential claim.
Please note, costs incurred in dealing with issues relating to policy coverage are not protected.
FSCS protection for solicitors' PI claims is available at 100%.
Any urgent litigation funding requirements are required to be brought to the Administrators attention who will confirm accordingly.
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