Guide To Solicitors' Professional Indemnity Insurance

Solicitors’ professional indemnity insurance is one of the big business overheads for law firms... ...along with salaries, and the variation in the premiums available for this essential insurance cover can be huge. The professional...

When Accused of Professional Negligence...!

Professional negligence is a risk for every   professional who starts a business. But there are some steps you can take to limit your exposure - and taking out professional indemnity insurance is one such step. Being a professional means that if...

Your worst case scenario...

Determining the right level of professional indemnity insurance cover for your business... ...is not an exact science, but making a wrong decision can be catastrophic. So rather than picking a random figure that may or may not...

Professional Indemnity Insurance Guide To 'Run Off' Cover

If you are reading this article, you have probably already been buying PI insurance for some years and will understand that PI policies are all underwritten on what is referred to as a "claims made" basis. The claims made nature of professional...

Estate Agents and Letting Agents - Why You Need Professional Indemnity Insurance

Running a successful estate and letting agency is far from simple... Both buyers and sellers rightly expect you to be the expert, and more often than not you will be. But nobody is perfect and even the most diligent estate or lettings agent is not beyond...

Claims Focus - Property Professionals and Surveyors

Professional Indemnity claims against surveyors and property related professions can be substantial... When something goes wrong with the sale or letting of a property, the legal costs and size of the claim can quickly escalate...

Professional Indemnity Insurance Explained

Professional Indemnity Insurance Explained The origins of professional indemnity insurance go back to the 1700s. Long-established professions such as accountants, surveyors, solicitors and architects traded with unlimited...

Lejonvarn v Burgess

Sometimes you might be tempted to give some free professional advice to help a friend. But after the recent decision by the Court of Appeal, you might think carefully about the consequences of giving something for nothing….. Mr and Mrs Burgess...

Even more tips to avoid a professional indemnity claim!

Good risk management is important to the success and survival of any business. Hopefully you read our first highly popular set of tips on this subject but if you didn't, the link is at the bottom of the page. But here is our second set...

How Smart Firms Reduce Their Professional Indemnity Premium

If you are a large or more complex professional business, the calculation of your professional indemnity premium by an insurance underwriter is not an exact science.    Giving a good impression of your business can vastly...

Caught in the Act!

Nine months after it became law, Niall Hevey of specialist law firm Reynolds Colman Bradley gives his expert view on the impact of the Insurance Act... The Insurance Act 2015: Redressing The Balance? In order to achieve its objective of redressing the...

Killer Marketing Tips for Start-Ups

Whether you’re just starting out in business or you want to grow your business there are some key factors that can really make a difference to whether your marketing efforts are a success or failure. Below, we take a look at some of these factors: ...

Our new office on the coolest street in Britain!

We are pleased to announce the opening of our 2nd office which will focus on the delivery of corporate professional indemnity insurance services to high quality professional clients.  The new Bristol office enjoys a prestigious location on...

Keep Your Client Data Secure

Data breaches cost businesses many millions of pounds every year... ....and the chances are your firm has a number of assets that contain sensitive information about your customers. With this in mind, it's important to take steps to minimise the...

Pen Underwriting appoints new head of Solicitors' PI

City Based MGA Pen Underwriting has announced the appointment of Paul Crilly as the new head of their solicitors professional indemnity team. Crilly has over 25 years experience in the PI market with firms including Alexander Forbes and more recently...

£ 9.14 Million Negligence Claim Over Caribbean Conflict

Top 20 Accountancy firm Wilkins Kennedy lost a High Court battle this week and were ordered to pay a former client damages of £ 9.14 million for professional negligence . The claim by the Harlequin property development group initially started at...

Burns Anderson Clients Lose Battle

Burns Anderson clients lost their claim in the commercial court last week following a long battle with professional indemnity insurer Liberty Mutual. 99 claimants tried to claim against the Burns Anderson professional indemnity insurance policy. The...

Markel acquire specialist professional indemnity insurer

American owned Markel International has recently announced the acquisition of Galleon Marine for an undisclosed amount. London based Galleon, which specialises in marine professional indemnity insurance, was founded in 2010 and its client base is...

QPI Legal Acquired

QPI legal, the Northampton based insurance broker has sold to PIB for an undisclosed amount. QPI Legal provides professional indemnity insurance policies mainly to solicitors and the legal profession. The acquisition is the fourth made by PIB, previous...

Another Insurance Premium Tax Rise!

Following the announcement in the March budget, insurance premium tax (IPT) is set to increase again with effect from 1 October 2016.   It will be the sixth increase in the tax since it was originally introduced at 2.5%. Last year the IPT...

How to reduce your professional indemnity premium....

Here are some great tips from our experts that will have a dramatic affect on your professional indemnity premium. Create the right impression If you have to complete a proposal form, it will be reviewed by an experienced...

When To Notify A Professional Indemnity Claim

When you buy an insurance policy, you are entering into a contract with an insurance company and like any contract there are clauses, some of which are very important.... The Policy Obligation One of the most important ones is your obligation regarding...

Solicitors enjoy professional indemnity rate reductions

With up to 90% of the legal professional renewing their professional indemnity insurance on 1 October, the solicitors renewal season now into full swing. So what's the market doing this year? Generally rates are dropping to varying degrees...

Collapse of Enterprise Insurance brings uncertainty to solicitors

The Gibraltar based professional indemnity insurer Enterprise Insurance has collapsed. Enterprise has been an important insurer in the solicitors’ professional indemnity insurance market and insures many of the UKs law firms. Policyholders...

Professional indemnity market update for IFAs

The professional indemnity insurance market for most of the 5,400 directly authorised IFA firms has been turbulent in recent years. Most saw a significant increase in their premiums and some harsh exclusions added to their policies. The reasons for...
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