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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...

Guide To 'Run Off' Insurance Cover

'Run off' insurance is professional indemnity insurance which covers the historic liabilities of a business and its directors after the business ceases. Any claims made under the policy will relate to work carried out before...

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...

We love a great quote....

  We're well known for our great professional indemnity insurance quotes... ...but as well as insurance quotes, here in the office we also enjoy reading the literary kind which are inspired and can create debate. From Churchill...

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...

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...

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...

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...
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