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... valuation profession and public protection at serious risk." Quote Robert Peto, RICS Spokesperson RICS has today launched a consultation to tackle problems about current risk and pricing in professional ...
2. RICS Listed Insurers
(Blog Articles/PI News Related)
... for the purpose of the assigned risk pool which is a insurance option of last resort for surveyors who are unable to obtain PI in the open market. Whilst a PI Insurers policy wording does not need to ...
3. Abolition of Expert Witness Immunity
(Blog Articles/PI News Related)
... need to monitor new claims notified and resulting from expert witness work (hitherto considered by insures as low risk in view of the immunity previously in place). Insurers will need to consider the ...
4. IRS Collateral Warranty Guide
(site sections/Fact Sheets)
Download it Written by Indemnity Risk Solutions  ...
5. Changes to the Tenancy Deposit Scheme
(Blog Articles/Broker)
... the deposit, in the statutory prescribed form, can also result in the same penalty. Letting has traditionally been seen as a low risk profession for Professional Indemnity Insurers, however, in recent ...
6. Increase to Insurance Premium Tax
(Blog Articles/Broker)
... into effect from 1 October 1994.  Certain types of risk such as life assurance are exempt from PIT however, in the case Professional Indemnity Insurance it is currently charged at 5%. When  IPT was first ...
... policy, as required by the SRA, must allow insurers to set premiums that more accurately reflect the risks of work carried out. The funding of the Assigned Risks Pool (for solicitors unable to get professional ...
Ink Underwriting Agencies and St Giles Legal and Professional Risks have joined forces to target what they describe as the "troubled solicitors insurance market". Post Online 2 Sept 2010  ...
9. Solicitor concerns over plans to scrap ARP
(Blog Articles/PI News Related)
Solicitors have voiced concerns over ‘knee-jerk’ proposals to abolish the assigned risks pool (ARP) next year in their responses to a Solicitors Regulation Authority consultation on the issue. Law Gazette ...
10. Town Planners
(site sections/Sectors Covered)
... Planning is generally seen by insurers to be a low risk activity, however firms who undertake large projects or high value projects should ensure their insurer has a good description of their activities. ...
11. Town Planners
(site sections/Sectors Covered)
... issuing terms· Town Planning is generally seen by insurers to be a low risk activity, however firms who undertake large projects or high value projects should ensure their insurer has a good description ...
12. Genealogists
(site sections/Sectors Covered)
... intervention to get back on track. Professionals have need of the professional services provided by Genealogists in order to trace a next of kin. Professional Indemnity Insurance Risks Research can ...
13. Acoustic Consultants
(site sections/Sectors Covered)
... to the legal profession How do insurers rate a risk and what do they look for? Size of practice One of the major factors that determines the rate and underwriting criteria of insurers ...
14. Run off PI
(site sections/Sectors Covered)
... prior to a requirement for run-off is sensible. Claims, or an insurer’s attitude to the specific risk or the relevant marketplace/profession, can increase costs, but it is only at the point of run-off ...
15. PI Forums terms of use
(site sections/Other)
... Any such disclosures are at your own risk. Although we may monitor or review posted messages from time to time, we do not actively monitor the contents of the forums, and we are not under any obligation ...
16. U - Glossary
(Glossary/Glossary)
... It is the Underwriter's responsibility to assess the merits of each Risk and decide a suitable Premium for accepting all or part of the Risk.  ...
17. S - Glossary
(Glossary/Glossary)
Slip A document submitted by a Broker to Underwriters containing particulars of a Risk proposed for Insurance. Slip Policy  ...
18. R - Glossary
(Glossary/Glossary)
...  Insurers reduce their exposure to Risk by insuring themselves against Claims. The practice is known as Reinsurance which accounts for more than half ...
19. P - Glossary
(Glossary/Glossary)
... a particular coverage. Premium The amount paid to an Insurer or reinsurer in consideration of their acceptance of a Risk.  ...
20. N - Glossary
(Glossary/Glossary)
... a Material Fact or circumstance to the Underwriter before acceptance of the Risk.  ...
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