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21. Small Architects
(site sections/Sectors Covered)
... required. The scheme provides cover based on civil liability wording with limits from £250,000 each and every claim with legal defence cost in addition and with a £500 policy excess that is not applicable ...
22. Hammond Legal Support
(site sections/Resources)
... team has previous experience of either working as claims adjusters for insurance companies or advising insurers in relation to insurance coverage disputes: experience that we are now able to use to our ...
23. Actuaries
(site sections/Sectors Covered)
... coverage extending to the whole of the European Community, such that the total annual Sum Insured, taking into account the amount of the Aggregate Excess and the Per Claim Excess, is at least: €1,120,200 ...
24. Monthly Professional Indemnity Insurance policies
(Blog Articles/PI News Related)
... in place can be a hassle-free way of covering yourself against negligence claims where future renewals take care of themselves. Insurers can provide professionals with a policy that takes out the hassle ...
25. Accountants (Members of AAT, CIOT and ATT)
(site sections/Sectors Covered)
... bodies but moreover they believe that to trade without the protection of PI would be fool hardy as litigation for negligence could wipe them out financially and let’s face it claims for negligence ...
The claimant in the case alleged that she was the victim of sexual abuse by a priest. The Court of Appeal was asked to decide as a preliminary issue whether the defendants were vicariously liable for the ...
27. IFA policy exclusions
(Blog Articles/PI News Related)
... would not pay out if the FSCS’s claim against the IFA was successful. It appears from sources available, that several PI insurers exclude claims which relate to the insolvency of financial institutions ...
"RICS is extremely concerned about the practice of speculative claim letters being sent to property valuers on behalf of banks. For this reason, a working group has been established to assess the problem ...
29. RICS Listed Insurers
(Blog Articles/PI News Related)
... word, the RICS template, it does need to duplicate the policy conditions as well as being on an any one claim, civil liability basis. For more information about the required coverage’s and minimum required ...
30. Abolition of Expert Witness Immunity
(Blog Articles/PI News Related)
The Supreme Court last week delivered a landmark decision in the case of Jones v Kaney, effectively abolishing the immunity previously afforded to expert witnesses from claims for negligence arising out ...
31. The RICS Valuer Registration Scheme and PII
(Blog Articles/PI News Related)
... £1million if turnover exceeds £200,000) The limit of indemnity should be on an each and every claim basis Uninsured excess of a maximum of 2.5% of the limit of indemnity or £10,000 For firms in the ...
32. Boom after bust: legal claims against valuers
(Blog Articles/PI News Related)
... champagne, this boom would be characterised by legal letters and court visits. Professional negligence claims in the High Court have risen 130% from 147 in 2008 to 339 in 2009, Ministry of Justice figures ...
33. Changes to the Tenancy Deposit Scheme
(Blog Articles/Broker)
... per annum following the introduction of the scheme, are obliged to hold their tenant’s deposit in an authorised tenancy Deposit Scheme. Failure to secure a deposit in a scheme can result in a claim ...
34. Coverstory: Claims Update
(site sections/Newsletters)
Download it
35. New Issue of Coverstory dispatched
(Blog Articles/PI News Related)
... we are pleased to announce that a brand new Coverstory is currently being dispatched. This issue cover the increase in claim notification, Run Off Professional Indemnity Insurance, Collateral Warranty ...
Negligence claims against professional advisers have reached an 11-year-peak according to a finance provider which claims both insurance claims and premiums are rising. A study by Syscap has found High ...
An increase in professional indemnity (PI) insurance claims and the collapse of a major insurer means IFAs are facing hikes in their premiums. Northern Irish insurer Quinn Insurance, which provides professional ...
38. CML Certificates
(Blog Articles/PI News Related)
... likely that they will face a claim on their professional indemnity insurance some way down the line.” This is exactly what is happening, with claims under these and similar certificates being notified ...
39. Salaried Partners
(Blog Articles/Broker)
Salaried Partners Liability  The salaried partner contested the claim on the basis that he was not a partner because he did not share in the profits of the business. The Court, and subsequently the Court ...
40. Town Planners
(site sections/Sectors Covered)
... (RTPI). Web site, see link below. The minimum cover required is as follows: £100,000 for each and every claim if in the preceding year your practice's gross income was less than £40,000; or  ...
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