News
The Financial Conduct Authority (FCA) has fined five individuals and two firms a total of £15.5m, in addition to banning four of those individuals, for significant integrity and competence failings....
With concerns about negligence claims against the legal profession, Elite Insurance has withdrawn from the English and Welsh solicitors’ professional indemnity insurance market. The company, which entered the market in...
A poll carried out by the procurement and supply website Supply Management found that buyers overwhelmingly support the use of professional indemnity insurance (PI) by self employed procurement professionals. Not...
The Insurance Act 2015 revamps outdated and unsatisfactory legislation….. The Insurance Act 2015, enacted in February and expected to come into force on 12 August 2016, effects some fundamental changes...
Professional Indemnity Insurance Brokers has a new specialist insurance broker. Karen Fox has recently joined the business to develop our new SME quotation unit, Fastrack. Not all businesses can buy their professional...
Whilst Cyber crime is often associated with money being taken from individuals computers, evidence suggests that organisations with electronic data are being targeted with insider traders looking to gain information...
New research reveals that only a third of SMEs currently have Professional Indemnity Insurance (PI). Not all SMEs will require PI cover but of the remaining 3.3 million of the...
Chancellor of the Exchequer George Osborne announced at the last budget that the standard rate of insurance premium tax (IPT) will rise from 6% to 9.5% from 1 November 2015....
The ‘limit of indemnity’ (LOI) is the amount of cover or protection provided under the professional indemnity policy. Calculating the right amount isn’t an exact science, but getting it right...
Becoming self employed can be both exciting and daunting. Whatever your chosen profession and however good you are at what you do, there will be many tasks that you will...
Poor professional advice from third parties or consultants had resulted in 16 per cent of small and mico businesses surveyed losing money, according to a study by Direct Line. Their...
In February 2015, the Insurance Act 2015 received Royal Assent and will come into force in August 2016. This is one of the most significant changes to commercial law in...
Insurance broker and consultant Jelf was one of London’s stock market biggest risers on Wednesday as it confirmed it may be the subject of a takeover by global firm Marsh...
If you are a construction professional, then this is for you. We’ve put together some guidance notes to help you understand the time limits that exist for a claim...
We understand that you are busy running your business…..before you know it your PI insurance renewal date has arrived and it’s too late to shop around. So let us remind...
Do you know what information you need in order to complete a Professional Indemnity Insurance Quotation? To help assist you, we have provided a simple guide to our on line...
Do you know what business insurance you need? There is a range of insurance available to you, some which is required by law and some that isn’t an absolute requirement...
Do you know what Cyber Insurance is? And do you need it for your business? Many small businesses are not aware that this type of insurance exists, despite the fact...
Do you need some help and advice in running your small business or working as a freelancer? There are alot of organisations and websites that can be of assistance. Take...
It doesn’t matter if you work for yourself or a boss, there are expectations that you will be professional in the course of business. But what is professional behaviour? Most...
On 11 December 2013 the Legal Services Board (LSB) approved the application of the Institute of Chartered Accountants in England and Wales to become a regulator of legal services. As the...
The Solicitors Regulation Authority (SRA) has rejected a proposal by the Law Society to extend the additional run-off cover provided by the Solicitors Indemnity Fund (SIF) for a further 3...
The Government has launched a free online training course to help members of the legal and accountancy professions to develop skills needed to protect themselves and their clients from cyber-attacks....
Can you imagine misleading a broker or insurer – or even lying to them? Why would you? Surely protecting your livelihood is more important than concealing relevant information. The recent...
A joint meeting was held yesterday between the Government and UK insurers to drive forward collaboration to ensure the UK is one of the safest places to do business in...
The legal services board has confirmed that they need more details before considering or confirming proposed changes to Solicitors PI for the traditional renewal season in October. As a result,...
A dentist in Bridgwater, Somerset has narrowly escaped being banned from practising after he failed to obtain professional indemnity insurance. The General Dental Council (GDC) heard that Mr Carmichael of...
Do you know the difference between cyber insurance and professional indemnity? Do you need to have cover for both business risks? This is the question many businesses are now considering...
Interested in reading about some recent cases in the professional indemnity world? This briefing by Kennedys illustrates the importance of having professional indemnity cover in place for your business to...
A market research report entitled “Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017” has recently been published. The report highlights an expected increase in the number...
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