Construction ; Premiums soar as insurance crisis deepens!

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 are all...

Professional Indemnity Insurance Explained

Professional indemnity insurance (also known as professional liability insurance) is a large and growing sector of the commercial insurance market, with many insurance companies actively fighting for market share and offering different types...

A Guide To Solicitors Professional Indemnity Insurance

Professional indemnity insurance is one of the major overheads for all law firms. If you are a solicitor in practice you are required to have professional indemnity insurance by your regulatory body. Premiums for this...

How to avoid a professional indemnity insurance claim

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 ways to ensure you should never have to claim...

Limitation periods - the professional indemnity time bomb!

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 the claim may be made long after the work...

What is professional behaviour - our clients view

In business, there's always an expectation that you should act professionally, but what is professional behaviour? There are many definitions and descriptions of professional  so we thought who better to ask but our clients. The...

Financial Advisers - why are PI insurance rates soaring?

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 much controversy ever since. ...

If the cap fits; read our new guide on capping your liability

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 do they really work?  Our latest guide provides valuable...

Maven - dramatic exit from solicitors PI market!

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 contacted by Aon to advise...

DWF Legal Insights - Trends in claims against Solicitors 2019-20

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 claims against solicitors in the last...

Read our new guide to collateral warranties

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 contracts.  This requires a completely different set of...

Cyber crime and your professional indemnity insurance

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 businesses holding sensitive client data or client money....

Guide to professional indemnity insurance claims - updated

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 policy terms and conditions. It is important that the policy terms and conditions...

Estate Agents Guide To 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...

PI insurance helps you win new contracts

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, as well as bolster your IR35 status, indicating that you...

Who Needs Professional Indemnity Insurance?

Almost anyone who provides a service to customers now requires professional indemnity insurance. Our online quote system instantly compares competitive quotes for over 500 different occupations and this number is constantly...

Being accused of professional negligence

The risk of professional negligence is always there for every   professional services business. But there are some steps you can take to manage your exposure - and taking out professional indemnity insurance is one such step. Here we look at the...

How to reduce your professional indemnity premium....

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 the professional indemnity insurance premium you pay. Create...

Professional indemnity insurance - 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...

Why Smart Firms Pay Less For Their Professional Indemnity Insurance

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...

When should you notify a professional indemnity claim?

When you buy a professional indemnity insurance policy you enter into a contract with the insurance company. Like any contract there are rules which must be adhered to, some of which are very important... Your Policy Obligations One of the...

Financial Advisers - Reducing the risk of Professional Indemnity claims

If you are an IFA then you will have your own view of the huge changes the industry has gone through during the last 10 years. Whilst the aim has been to improve choice and transparency for the customer, Financial Advisers and the entire...

GDPR and professional indemnity insurance - what you need to know

Just when you thought you were getting your head around GDPR along comes another awkward conundrum. Here’s the question: If I comply with the new rules and delete files containing personal client data, will I invalidate my professional indemnity...

Professional Negligence Explained

When you are asked to sign a contract to supply a service to a client, they may stipulate that you must carry a minimum level of professional indemnity insurance. This cover protects your business against allegations of professional...

We're in the Top 1%

In April we proudly made the top 1% of the most popular websites in the World. Our organic visits reached a new record level and this was a first time in the top 1% since the website was launched in 2011. This achievement also makes...
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