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A statement issued last week by one of the UK’s leading independent insurers brokers claims more insurers are looking to withdraw from providing Professional indemnity Insurance for firms domiciled in ...
... Professional Indemnity policies will only provide a limited amount of cover specific to Health & Safety claims so the addition of a D&O cover is a sensible inclusion. D&O is applicable to limited ...
3. Delaying "Run Off" PI Cover purchase
(Blog Articles/Broker)
... six years, but general six years is seen to be the norm as the statute of limitations runs for six years, however, in practice claims can be brought outside of this limit under tort.  Many other institutions ...
... 'unspecified' money claims. Of relevance to PI insurers and policyholders: Claims for between £10,000 and £200,000 will incur a court fee of 5% of the amount claimed, which would see, for example, a 400% ...
... to be applied but breach will now mean liability is only suspended for the period of the breach and only where relevant to a claim.Remedy for Fraud – The new remedy removes the option of avoidance. In ...
6. Big Changes to CDM for Construction Projects
(Blog Articles/PI News Related)
... the skills needed to cover the health and safety duties that the role includes. Inevitably this has major implications for the professionals in question should any claim be made for breach of obligations ...
... for pension scheme trustees? Posted to our websiteReplyProfessional Indemnity Insurance or Errors and Omissions insurance as it can be known is a claim made liability insurance which protects the insured ...
8. What is a Management Liability Policy
(Blog Articles/PI News Related)
... and senior employees, and provides protection against claims arising from decisions and actions properly taken whilst managing the business.D&O has two distinct insuring agreements: Side A protects ...
... have been a difficult period for insurers in respect of claims and falling premiums from some newer insurers".  We have many alternative markets for these risks and will be doing out utmost to support ...
10. No extension to the Valuer’s Duty of Care
(Blog Articles/PI News Related)
... to a lender does not owe the borrower a duty of care. The claimant's decision to withdraw his appeal closes off the risk of an avalanche of claims from people who came into the buy-to-let market during ...
... from other business insurances such as Public Liability of Property Insurance. Professional Indemnity Insurance is a claim made insurance, which means a policy responds to claims made at the time the ...
The court of appeal last week ruled in the case of Harrison and ors v Maison Blanc which considered whether a surveyor “Cluttons” owed a duty of care to third party claimants arising from a claim for injuries ...
The court of appeal last week ruled in the case of Harrison and ors v Maison Blanc which considered whether a surveyor “Cluttons” owed a duty of care to third party claimants arising from a claim for injuries ...
14. European PI market worth £6.2bn
(Blog Articles/PI News Related)
An article in Insurance Insight this week claimed the Professional Indemnity Insurance market in Europe is worth approximately £6.27bn.  Hammond Professional Indemnity Consultants have been passported ...
I have been asked on many occasions why a Professional Indemnity Insurer or their legal representatives may ask the policy holder/insured to pay the VAT element of the legal costs of a claim, whether the ...
16. Good day for lenders
(Blog Articles/PI News Related)
... and contributory negligence in professional negligence claims against surveyors. The case in Webb concerned two properties. In November 2006, E.Surv valued a two bedroom flat at £227,995 for mortgage ...
... cost of personal injury litigation on Employers Liability and or Public Liability claims with a value up to £25,000. From 31 July 2013 all employers liability and public liability personal injury claims ...
18. PI for AGRA members
(Blog Articles/PI News Related)
... inclusive” and of course the main difference which effects cost is an “Any One Claim” policy against an “Aggregate” policy. Our policy offering is based on an 'Any One Claim' so full cover up to the ...
19. PI for Part Time Architects
(Blog Articles/Broker)
... low fee earners undertake. Rates start at £178.88 for £250,000 any one claim with prices tiered up to the £100,000 fee income limit, quotes for higher fee earners are also available using out whole of ...
20. PII For lower fee earning Architects
(Blog Articles/Broker)
... fee earner who can benefit particularly from the competitive premiums specifically rates to suit the type of work low fee earners undertake. Rates start at £178.88 for £250,000 any one claim with prices ...
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