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Firstly, just for the record can we begin by saying this article hasn’t been written by AI. The world appears simultaneously excited and scared about the potential for artificial intelligence....
Professional indemnity insurance protects you from loss or damage claims made by third parties because of services rendered or the advice you give. When providing your broker or insurer with...
Whether you are starting a new law firm or already established, we have specialist knowledge of the professional indemnity market for Solicitors. We offer a range of specialist services helping firms obtain their...
Contractors are increasingly taking on a design liability by employing their own in-house professionals or by assuming a liability when they sub-contract out the design element. When undertaking contracts on a...
Professional indemnity insurance (also known as professional liability insurance) is a large, rapidly growing sector of the commercial insurance market, with many insurance companies actively fighting for market share and offering different types of...
If you are a larger professional services firm and you don’t buy your cover online, here are some great tips from our experts that could have a dramatic affect on...
News stories about hacking make regular press headlines around the world and the incidents are likely to get worse… The issue of hacking should be a growing concern to all professional...
‘Run off’ insurance is professional indemnity insurance which covers the historic liabilities of a business and its directors when the business ceases or is acquired. You may be considering selling...
In this recent finding in the Scottish courts, Lord Tyre restated the reasonableness test for the applicability of limitation of liability clauses. On 10 November 2009, a fire broke out...
‘professional’ ; having or showing the skill, good judgement and polite behaviour that is expected from a person who is trained to do a job well. We arrange professional indemnity insurance for...
Today professional indemnity (PI) insurance is seen as an indispensable tool for securing new contracts and conducting business. Although professional indemnity cover is a useful safety net, there are many...
If your business is working in the building and construction industry, you will almost certainly have been asked to sign various agreements and warranties at some point, perhaps to win...
The obligation to notify claims AND potential claims (circumstances) can be quite demanding. The onus is on you to ensure that all such matters are notified in line with your...
Running a successful estate and letting agency is far from simple. When something goes wrong, there are ways you can protect your business from any mishaps that you might have...
The risk of professional negligence is always there for every professional services business. But there are steps you can take to manage your exposure – and taking out professional indemnity insurance...
Professional indemnity insurance is designed to protect you should a client make a claim against you for professional negligence. Often a loss arising from negligence isn’t immediately apparent and so...
A retroactive date on professional indemnity insurance is the date the insurer has agreed to retrospectively cover a business from. Claims occurring from the policyholder’s work carried out after the...
Clauses that cap the liabilities of a firm when they make a mistake are now common in business contracts. They are an important protection for a firm, but how well...
International law firm DWF has outlined and explored the impact that the recent COVID-19 pandemic has had on small businesses, legal firms, construction professionals, valuers, brokers, IFAs and accountants, including...
The professional indemnity insurance (PII) market in the UK has changed dramatically over the last ten years. We initially saw significant rate-cutting and an oversaturated market, but the last several...
In the fast-growing world of technology, cyber-related exposures are becoming far more commonplace. Businesses now have to carefully consider what measures should be put in place to protect them in...
Simon Mason and Mark Chapman of international law firm DWF consider what challenges await auditors and accountants in the ‘new normal’ and offer some practical solutions. A problem shared Even...
When not in lockdown, most Solicitors and Insurance Underwriters are office-based. As such, they are unfamiliar with the challenges presented by remote working on a laptop or in a confined...
In response to the hardening PI insurance market, the Institute of Chartered Accountants (ICAEW) has issued new guidance to member firms about professional indemnity insurance. Their comments are aimed at...
Patrick Hill, Partner and Head of Professional Risk at international law firm DAC Beachcroft offers some fascinating predictions on the challenges that professionals and their PI insurers may face in...
The insurance crisis in the construction sector continues to deepen…. ….as more insurers announce their withdraw from the professional indemnity market, driving up premiums even further. Architects, engineers, designers and surveyors...
Leading legal services group DWF have released an excellent review of the trends in professional indemnity claims against the legal profession…. Introduction There has been a reduction in volume of...
We review the current PI insurance crisis facing the financial services sector… Since the 1980s, professional indemnity insurance has been compulsory for all Financial Advisers and it’s been the source of...
Aon has recently announced the withdrawal of its Managing General Agent (MGA) Maven from the Solicitors professional indemnity insurance market. In a surprise move, those firms insured with Maven have been...
Professional indemnity insurance (PI) makes good business sense if you are a contractor. It protects your business from expensive claims from a client if they allege that you made a mistake,...
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