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Lehman clause threat to IFAs

Advisers have been warned they could have multi million pound exposures to Lehman backed structured product claims due to exclusions in thier professional indemnity polices.

MoneyMarketing 

16 November 2009

 
Letting agents told to insure against landlord claims

Lettings agents are being urged to protect their livelihoods and the livelihoods of their clients by ensuring they are covered by Professional Indemnity (PI) insurance.

Residential Landlord

14 September 2009

 
HCC International Award

Congratulations! go out to Hammond PI’s very own Mo Miah who this month collected an “Extra Mile Award” from specialist Professional Indemnity Insurance provider HCC International Insurance Company.  Well Done Mo keep it up.

 
RICS respond to Merrett v Babb with Members Support Service Levy (MSSL)

Merrett v Babb was a landmark case for chartered surveyors and other professionals in England and Wales

Read more

 

 
Lenders threaten to sue valuers for negligence over home repossessions

Mortgage lenders are using “no win, no fee” solicitors to threaten property surveyors with negligence claims for valuations on homes that have since suffered steep falls in value and been .

Review the original article and return to post your thoughts and comments. 

The Times Online 

31 october 2009

 
Letting agents set for regulation

The Association of Residential Letting Agents (ARLA) is introducing a licensing scheme for its UK members and a code of practice for letting agents.

Review the original article and return to post your thoughts and comments. 

BBC News UK 5 May 2009

 
Who is liable for an LLP legal practice run-off premium?

Last year a letter dropped though the door of numerous former employees of Merricks LLP, putting them on notice that, if certain former members had to pay Merricks’ run-off insurance premium of £834,437, they might seek a contribution from Merricks’ former qualified staff (see [2008] Gazette, 10 April, 1).

Law Society Gazette 20 August 2009

 
Single premium Professional Indemnity Insurance run-off
Hammond Professional Indemnity Consultants offer a facility for accountants, surveyors and a number of other professionals to purchase their run-off cover for a period of up to 72 months (six years) with a one-off single premium.

Six year PI (Professional Indemnity Insurance) “run off” cover is offered by a very limited number of insurers and has proved very attractive to many of our professional clients.

This is an excellent way to avoid the uncertainty of unknown premiums every year and allows the finalisation of your PI cover in advance at a fixed, one-off price.   This cover can be ideal for those entering retirement, selling their business or merging their business with someone else where both parties don’t want to share the liabilities of the old businesses.

PI Run off cover can also be purchased via shorter multiple year policies with the option in some cases to purchase part years, for example five and a half years.

See our newsletter from more information on PI run off cover
 
Allianz Global Corporate & Specialty UK enters Professional Indemnity market

Allianz Global Corporate & Specialty has entered the UK Professional Indemnity market by appointing a new team of 5 dedicated underwriters. The new team will be based in Allianz’s Underwriting Centre at 30 St Mary Axe, London EC3.

Review the original article and return to post your thoughts and comments.

Sourcewire  20 May 2009

 
Single Project Professional Indemnity Insurance

 

Various options are available for companies looking for Single Project Professional Indemnity Insurance.

Please contact us for details. 

 
New Look Hammond PI Website

Hammond PI Consultants is to unveil its new-look website on May 01 2009 which reaffirms our online presence. The new website has been developed around the concept of encouraging interactivity between professionals who require PI and the people who provide it.


The site includes additional enhanced facility for new prospects and existing clients, including online quote system, managing PI Proposal forms online, and a resource centre with one of the first Professional Indemnity forums on the internet, a PI Blog and much more. Changes also include the abiility to comment on latest PI News which will be posted live on the site as and when they occur, ensuring you are always kept in the know. We also appreciate how valuable time is and so have invested in a Live chat facility with a PI Specialists to answer any queries you may have immediately, and guide you through the process.

The website for added convenience has a ‘Most popular content’ and an advanced search facility to easily locate the information your are seeking. Also access to Easy access to PI Insurers Rating agencies, to see how your insurer compares.


 

We have already recieved a lot of feedback and would like to say a big thank you to all of those who took time to comment, it most certainly allowed us to view the site in another light, and continue to create a more user friendly interface.

Please feel free to post comments below or by sending an email though the contact us section.

 
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