Claims against professional firms hit 11 year high
Syscap, an independent finance provider, said that high court cases launched against professional firms for negligence have hit an 11 year high forcing more firms to borrow to pay increased professional indemnity insurance rates.
According to Syscap, the total number of professional negligence claims launched against professional services firms in the high court jumped 125% to 332 in 2009 up from 147 in the year before.
Syscap
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